Turkey has taken a step towards improving the rights of taxpayers by implementing a decision of the European Court of Human Rights (ECHR) in a transfer pricing ruling. The transfer pricing case involved allegations by the tax administration that a taxpayer that imported computers and measuring systems was engaged in hidden profit distributions by purchasing goods from a foreign related company at a price higher than the arm’s length price. It is not clear if this is the first example of the implementation of an ECHR decision as not all Court decisions are made public.
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