New anti-avoidance measures to be introduced transfer pricing, thin capitalization, CFC
The Turkish Corporate Income Tax Act No. 5422 dated 10 June 1949 is planned to be wholly revised. The Draft Corporate Income Tax Act (DTCA) prepared by the Tax Council to the Ministry of Finance was submitted to the Council of Ministers and released to public on 30 January 2006. After the Parliamentary procedure is completed, it is expected that the new provisions will be applied from 1 January 20…
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