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ITS Alerts 2009 5501 ITS Alerts 2009 5501

Date Summary
21-Dec-2009 Tax inspectors put forward external pricing benchmarks for the active ingredients purchased from related parties on their continuing tax audits at pharmaceutical companies.
29-Oct-2009  On 15 October 2009, the Constitutional Court of Turkey decided to cancel the income tax law provision which limited the time period for benefiting from carried forward investment allowances not used as of 31 December 2005, until the end of 2008,   finding this law provision inconsistent with the Turkish Constitution.
28-Oct-2009  On October 6, 2009, the governments of Finland and Turkey signed a new income tax treaty and accompanying protocol.
26-Oct-2009 On September 30, 2009 a new protocol was signed between the governments of Luxembourg and Turkey which is the first protocol to amend the treaty signed in 2003.
30-Jun-2009  Turkish government on June 4 announced a new incentive package designed to promote new investments and reduce the disparity between the economic development levels of different regions of Turkey.
20-Mar-2009 On March 18, 2009, a new income tax treaty was signed between the governments of the Philippines and Turkey. This is the first treaty between the two countries.
19-Feb-2009  Turkish tax authorities request transfer pricing documentation reports from taxpayers.
5-Feb-2009 The 2008 tax treaty signed between Ireland and Turkey signed on October 24, 2008 was ratified by Ireland in December.

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