25 April 2012
On 5 March 2012, Decree 10/2012 was published in the Official Gazette to introduce transfer pricing provisions to the income tax law. The provisions are effective as from 1 January 2013. The main provisions are summarized below:
ALP
The arm's length principle (ALP) is adopted to establish transfer prices, based on the prices or amounts that independent parties would have agreed on for comparable transactions in free market condit…