Turkey–MNE Tax

Asia-Pacific

Turkish parliament to begin debating draft law this week that could raise corporate tax on financial sector companies from 20% to 25%, and potential prison terms for media outlets that harm firms’ reputations: Reuters→

March 28, 2022

Asia-Pacific

The current state of Turkish transfer pricing in a nutshell

March 23, 2022

Pinar Solyali and Serdar Aslan, NAZALI Tax & Legal, discuss the Turkish government’s progress toward developing transfer pricing legislation and practice to be in parallel with the BEPS Action Plans and making APA and MAP applications more widespread.

Asia-Pacific

Sri Lanka to sign new tax treaties with India, Czech Republic, Turkey: Daily Mirror Online→

January 26, 2022

Americas

US-Turkey competent authority agreement on exchange of country-by-country reports signed on November 24: US Internal Revenue Service→

December 1, 2021

Americas

India and US agree on transition from India’s ‘equalization levy’ digital tax

November 29, 2021

The US and India have reached a compromise on a transition from India’s “equalization levy” digital services tax towards the terms of the October 8 multilateral agreement on new international taxing rules, according to a November 24 . . .

Asia-Pacific

Turkey and US agree on phase-out of digital tax

November 23, 2021

The US Treasury announced on November 22 that it has reached an agreement with the Turkish government on Turkey’s transition from its digital services tax to the new taxing rules under the . . .

Asia-Pacific

Turkey’s new law amends taxation system: change is the only constant

November 22, 2021

Oytun Canyas and Bengisu İncikli, CETINKAYA, discuss a new Turkish law that took effect October 26 and includes numerous amendments to the country’s corporate income tax, tax procedure, VAT, stamp tax, and special consumption tax, among other . . .

Africa

Countries take diverse transfer pricing approaches to financial transactions, profit attributions

August 4, 2021

Updated transfer pricing country profiles released by the OECD on August 3 include for the first time information on 20 reviewed countries’ transfer pricing rules applicable to . . .

Africa

G20 draft communique reportedly endorses global minimum tax

June 22, 2021

A draft communique for the upcoming G20 finance ministers meeting on July 9–10 includes language expressing the countries’ support for a global minimum tax and new rules . . .

Americas

US plans tariffs against six nations as digital tax talks heat up

June 2, 2021

The US Trade Representative on June 2 announced and then immediately delayed implementation of new tariffs on goods from six countries – Austria, India, Italy, Spain, Turkey, and the UK – in response to . . .

Estonia

Greece, Hungary, Iceland fall short of tax dispute resolution goals, OECD review finds

May 26, 2021

Iceland has no bilateral advance pricing agreement (APA) program in place, and Greece, Hungary, and the Slovak Republic are failing to timely resolve mutual agreement procedure (MAP) cases, according . . .

Asia-Pacific

Turkey considers raising corporate income tax rate to 25% for 2021, then reducing to 23%: bne IntelIiNews→

April 12, 2021

Americas

US threatens tariffs against six more nations over digital taxes, drops investigation into others

March 29, 2021

The US Trade Representative has recommended trade actions against Austria, India, Italy, Spain, Turkey, and the UK following its findings that digital services taxes adopted by these countries discriminate against US companies. . .

Africa

Latest updates to EU list of non-cooperative jurisdictions

February 24, 2021

Francesca Amaddeo, a Lecturer-Researcher at the Tax Law Competence Centre (SUPSI), Manno, Switzerland, discusses the February 22 update to the EU’s list of non-cooperative jurisdictions for tax purposes . . .

Austria

Trade groups sue over Maryland’s controversial tax on digital advertising

February 22, 2021

Four organizations have joined in a lawsuit challenging a new Maryland state law levying a tax on digital ad revenue – the latest twist in an ongoing dispute with international implications. The US Chamber of Commerce, the . . .

Americas

Report estimates effective tax rates on investment in the EU member states, North Macedonia, Turkey, UK, Norway, Switzerland, Canada, Japan, and US: EU Commission→

February 19, 2021

Asia-Pacific

EU Code of Conduct Group’s taxation work program released

February 17, 2021

Francesca Amaddeo, a Lecturer-Researcher, at the Tax Law Competence Centre (SUPSI), Manno, Switzerland, discusses the Council of the European Union’s February 9 release of the Code of Conduct Group’s new work plan under the Portuguese Presidency . . .

Americas

US says Austria, Spain, UK digital taxes discriminate, warns on EU tax, three others

January 15, 2021

Digital services taxes enacted in Austria, Spain, and the UK discriminate against US companies within the meaning of Section 301 of the US Trade Act of 1974, the Office of the US Trade Representative . . .

Americas

US says Italy, India, Turkey digital services taxes are discriminatory, suspends France tariff action

January 7, 2021

Digital services taxes enacted in India, Italy, and Turkey discriminate against the United States; however, for now, no trade actions will be taken, the Office of the US Trade Representative . . .

Americas

US, Turkey negotiating exchange of MNE country-by-country reports

January 4, 2021

The competent authorities of the US and Turkey have commenced negotiations for the exchange country-by-country reports . . .

Asia-Pacific

Turkish government working on plan to reduce corporate tax rate to 15–18 percent beginning next year, official say: Daily Sabah→

October 16, 2020

Americas

OECD publishes report on tax policy reforms enacted both before and after COVID-19 in 37 OECD member countries plus Argentina, China, Indonesia, South Africa: OECD→

September 4, 2020

Asia-Pacific

UK guidance updated to state that France, Italy, Malaysia, Turkey taxes are similar to UK’s digital services tax for purposes of cross-border relief: HM Revenue and Customs→

August 5, 2020

Americas

US to investigate digital services taxes in India, Brazil, Turkey, Indonesia, the European Union, five EU countries

June 2, 2020

The Office of the US Trade Representative (USTR) today announced that it has initiated an investigation into digital services taxes proposed or adopted in . . .

Asia-Pacific

Turkey 7.5 percent digital services enters into force: KPMG→

March 23, 2020

Asia-Pacific

Turkish presidential decree provides CbCR, transfer pricing documentation guidance: KPMG→

February 25, 2020

Asia-Pacific

Turkey releases draft guidance to implement 7.5 percent digital services tax: KPMG→

February 10, 2020

Asia-Pacific

Turkey enacts 7.5 percent digital service tax

December 22, 2019

Ramazan Biçer, at partner at Centrum, Istanbul, discusses the details of Turkey’s 7.5 percent digital services tax on the revenue of large multinationals, enacted into law earlier this month and set to go into effect April 1, 2020 . . .

Americas

US trade officials propose tariffs of up to 100 percent on French goods to counter digital services tax

December 2, 2019

The office of the United States Trade Representative (USTR) today proposed retaliatory tariffs of up to 100 percent on French wine, cheese, handbags, makeup, china, and similar items, after concluding that France’s digital services tax . . .

Asia-Pacific

Turkey proposes 7.5 percent digital services tax on large multinationals

October 28, 2019

Ramazan Biçer a partner with Centrum, Istanbul, discusses in detail an October 23 draft digital services tax law introduced by Turkey’s Ministry of Treasury and Finance which would impose a 7.5 tax on the revenue of companies operating digital businesses Turkey . . .

Asia-Pacific

Turkey: new tax audit wave focuses on nonresident digital companies

October 1, 2019

Ramazan Biçer, a partner with Centrum, Istanbul, discusses a new wave of tax audits being undertaken in Turkey scrutinizing the taxation of nonresident taxpayers engaged in the digital economy . . .

Africa

Kenya, Turkey to sign tax treaty: Xinhua→

July 17, 2019

Asia-Pacific

Turkey proposes another tax amnesty for repatriation of foreign assets

July 17, 2019

Ramazan Biçer of Centrum Turkey discusses the Turkish government’s latest tax amnesty, proposed on July 8, which applies to the repatriation of foreign assets . . .

Africa

Switzerland’s Federal Council approves plan to exchange account data with 19 more country tax administration

May 30, 2019

Davide Anghileri of the University of Lausanne writes that Switzerland’s Federal Council adopted a dispatch yesterday approving the introduction of automatic exchange of financial account information with 19 more countries . . .

Africa

Turkey’s IP tax regime is harmful; new Singapore, Luxembourg, Lithuania, Slovakia laws meet standards, OECD report concludes

May 20, 2018

Turkey’s technology development zone tax regime is harmful to the tax base of other countries while new Singapore, Luxembourg, Lithuania, and Slovakia tax laws favoring intellectual property (IP) are not, a May 17 report prepared by the OECD Forum on Harmful . . .

Swiss Federal Council adopts MLI

August 22, 2018

The Swiss Federal Council on August 22 adopted a dispatch on the Multilateral Convention to Implement Tax Treaty . . .

Asia-Pacific

OECD asks for taxpayer feedback on cross-border tax dispute resolution procedures in Estonia, Greece, Hungary, Iceland, Romania, Slovak Republic, Slovenia and Turkey

March 12, 2018

The OECD today asked taxpayers to provide feedback on their experiences with cross-border tax dispute resolution procedures in the following countries: Estonia, Greece, Hungary, Iceland, Romania, Slovak Republic, Slovenia . . .

Asia-Pacific

Hong Kong, Turkey to negotiate tax treaty

August 3, 2016

The government of Hong Kong has today announced that it will begin negotiations for a tax treaty with Turkey . . .

Asia-Pacific

New Turkish transfer pricing law is consistent with OECD guidelines: KPMG→

September 13, 2016

See: KPMG.

Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024

Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024

David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023

Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023

Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

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