First unilateral APA signed in Turkey

July 29, 2011

The Turkish Revenue Administration (TRA) announced the conclusion of the first unilateral advanced pricing agreement (APA) in Turkey.

Although the bulletin, published on the official website of TRA, does not provide details about the case and solely mentions the conclusion of the first APA, this is a major step towards encouraging taxpayer compliance, by offering a flexible approach to avoid transfer pricing disputes.

Further details are available from the Ernst & Young International Tax Alert which can be accessed using the link below:

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