Law Decree 1,111, published in the Official Gazette of 29 June 2012, introduced amendments to the Income Tax Law, including anti-avoidance measures. The Law Decree is issued by the Council of Ministers as part of legislative powers granted by the Congress. The main amendments, which are generally effective as from 1 January 2013, are as follows:
Scope of application of the transfer pricing rules
Transfer pricing rules will be applicable to transactions between associated enterprises an…