The Regulation Amending the Procedures and Principles regarding
to Tax Audit ("Amendment Regulation")
was published in Official Gazette number 29524 on 6 November 2015,
entering into effect on the same date. The Amendment Regulation
amends equity thresholds, as well as conditions for forming groups
of first rank traders. It also introduces principles regarding tax
audits conducted for international exchange of information.
Significant changes introduced by the Amendment Regulation
The definition for equity size is
changed to be the total equity calculated under the balance sheet,
as of the end of the accounting period, according to the Tax
Procedure Law number 213.
Rulings presented by tax payers about
controversial issues within the context of tax regulations during
the audit will be incorporated into the audit report and the audit
officer will include it in the audit analysis.
Auditing assignment is subject to
approval by the designating authority.
Tax payers will be informed that the
provisions in the audit report will be considered proof in possible
procedures, within the terms of the Tax Law. Tax payers will also
have possible procedures explained to them.
Tax audits intended for international
information exchange are prioritized and related time periods are
The conditions to qualify as a first
rank trader are changed so that the first group of first rank
traders include either:
Companies with average total assets
and net sales (indicated in balance sheet); greater than TL
Companies with more than TL
Please see this link for full text of the Amendment Regulation
(only available in Turkish).
Information first published in the
MA | Gazette, a fortnightly legal update newsletter produced by
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Jonathan Sheehan gives an Irish perspective in the October 2016 edition of The American Lawyer on the European Commission's decision that Ireland granted undue tax benefits of up to EUR13 billion, plus interest, to Apple.
Three of my favourite topics feature in this issue of the Denton Briefing – tax, Bond and beer. But not necessarily in that order and not necessarily for the right reasons.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).