Transfer Pricing in Turkey Annual Reports

Individual or corporate income taxpayers have to prepare a transfer pricing report in the form of;

I. General
• Info on organisational chart, registrations, business descriptions
• Activity fields
• Functions realised
• Risks
• Assets
• Economic status and conditions
• Market conditions
• Business strategies

II. Related Parties
• Info on organisational chart, registrations, business descriptions
• Activity fields
• Economic status
• Market status and conditions
• Rules and regulations
• Business strategies
• Risks
• Assets

III. Transactions Among Related Parties
Volume of all transactions among related parties and unrelated parties, price lists, production costs, all business contracts, financial statements, accounting standards and methods, intangibles, justification of transfer pricing method and application etc.

IV. Transfer Pricing Analysis
Details of functional and benchmarking analysis.
Internal/external comparables and comparability
Benchmarking criteria
Details of adjustments
Comparison and elimination of transfer pricing methods
Details of the best transfer pricing method used and transfer price applied, such as calculations and statistical method to determine transfer price and/or profit margin and certification, arm’s length price range calculations.

V. Outcome
A summary of the report

For details, please contact with GRANIT, www.granitymm.com

 

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