Turkey has made several amendments to its transfer pricing rules through Law No. 6728, published in the Official Gazette on 9 August 2016. The main changes include:
- The transactional net margin and profit-split methods are added as prescribed acceptable transfer pricing methods (in addition to the comparable uncontrolled price, the resale price, and the cost-plus methods);
- Taxpayers are allowed to use alternate methods when the arm's-length value cannot be determined by using the prescribed …