Turkey offers five main business structures: JSC, LLC, commandite, collective, and cooperative. Corporate tax rate for 2022 is 23%. Tax returns must be filed annually and due by 30th of the fourth month after the year. Dividend withholding tax rate is 10%
Main corporation tax rate is 25% for profits over GBP 250,000. Lower rate of 19% applies for UK resident companies with profits below GBP 50,000. Patent exploitation profits taxed at 10% effective rate
Arm's length means transactions between related entities reflect unrelated party conditions. OECD states transactions should be valued as if between unrelated parties. Principle ensures fair profit from intercompany transactions
Pillar 2 establishes 15% minimum effective tax for multinational corporations. Applies to companies generating over €750 million revenue in each jurisdiction. Requires substantial new financial data access for tax departments
Brazil has a complex tax and customs system ranking among world's most tax-intensive countries. New OECD-like transfer pricing rules implemented since January 2024. Tax-related liability often involves joint and several obligations
Transfer pricing determines value of goods/services transferred between related parties. Governs transactions like sales, purchases, IT services, and royalties. Affects company's profit distribution and resource allocation