Post by account_disabled on Mar 16, 2024 10:36:18 GMT
The Transfer Pricing Certification Obligations are given below . TRANSFER PRICING DOCUMENTATION REGULATIONS INTRODUCED BY OECD . WHAT DO OECD REGULATIONS COVER The documentation section of the OECD Transfer Pricing Guidelines has changed significantly. OECD countries including Turkey have adopted the following threecomponent certification approach General Report Master file Local Report Annual Transfer Pricing ReportLocal File Country Based Report CountrybyCountry ReportingCbCR Recommendations have been made by the OECD to the relevant countries regarding the preparation of local legislation.
It has been decided to carry out certification in a similar way in OECD member countries. . WHAT AWAITS COMPANIES As a group main documentation explaining the supply chain in detail is requested in the countries where we operate. Local certification in accordance with local transfer pricing TF legislation is required for each country in which we operate. It is requested to B TO B Database prepare detailed analyzes and precedent studies on each transaction basis. List of group companies distribution of profits among group companies taxes paid by group companies their commercial activities and their fields of activity main functions etc. A countrybased report CbCR containing information is expected to be prepared.
General Report Local Report Country Based Report What is being brought Multinational Turkish companies are required to prepare the main document Master file of the group which includes information such as the organizational structure main activities and financial structures of the group. TF Annual Report TF Form A notification will be prepared that will include information on the amount of income profit or loss before tax paid corporate tax accrued corporate tax nominal capital previous years profits number of employees and tangible assets other than cash and cash equivalents for each country in which the group operates. . Who Does It Affect It will be prepared by corporate taxpayers whose Asset Size and Net Sales Revenue exceed Million TL.
It has been decided to carry out certification in a similar way in OECD member countries. . WHAT AWAITS COMPANIES As a group main documentation explaining the supply chain in detail is requested in the countries where we operate. Local certification in accordance with local transfer pricing TF legislation is required for each country in which we operate. It is requested to B TO B Database prepare detailed analyzes and precedent studies on each transaction basis. List of group companies distribution of profits among group companies taxes paid by group companies their commercial activities and their fields of activity main functions etc. A countrybased report CbCR containing information is expected to be prepared.
General Report Local Report Country Based Report What is being brought Multinational Turkish companies are required to prepare the main document Master file of the group which includes information such as the organizational structure main activities and financial structures of the group. TF Annual Report TF Form A notification will be prepared that will include information on the amount of income profit or loss before tax paid corporate tax accrued corporate tax nominal capital previous years profits number of employees and tangible assets other than cash and cash equivalents for each country in which the group operates. . Who Does It Affect It will be prepared by corporate taxpayers whose Asset Size and Net Sales Revenue exceed Million TL.