Increase in tax risk environment at global level and its impacts on Turkey and tax risk & controversy management in Turkey

Atty. Gamze Durgun
Atty. Sinem Gül

The results of EY’s global 2017 Tax Risk and Controversy Survey that has been conducted with the participation of 901 tax and finance executives in 69 jurisdictions indicates that the enhanced transparency measures and new reporting requirements, many brought about by the Base Erosion and Profit Shifting (“BEPS”) project of the Organisation for Economic Co-operation and Development (“OECD”), digitalization in tax applications besides the political uncertainty have created a host of new risks and the task of managing tax risk and controversies is more difficult than ever.

In this Article, it is aimed to provide information regarding tax risk increasing globally within the scope of the mentioned Survey as well as the impacts of this risky environment in Turkey and to provide our evaluations regarding the actions required to be taken by the multinational companies resident in Turkey in respect of the tax risk and controversy management.

 

Explanations in this article reflect the writer's personal view on the matter. EY and/or Kuzey YMM ve Bağımsız Denetim A.Ş. disclaim any responsibility in respect of the information and explanations in the article. Please be advised to first receive professional assistance from the related experts before initiating an application regarding a specific matter, since the legislation is changed frequently and is open to different interpretations.