Post by account_disabled on Mar 14, 2024 3:48:33 GMT
The recommendations for Turkish investors who already have investments in the European Union region or aim to invest in this region. Regards Folders International Tax Bulletin . Article Series Transparency in International Taxation Increases New Reporting Obligations Are Introduced with CrossBorder Information Obligations DAC The dynamics of international taxation have been in a state of great change especially in recent years thanks to the practices introduced by tax authorities one after another.
While this situation naturally causes groups that have been established abroad for a long time to change their practices that have been going on for years and to restrict their space of action with additional obligations For potential entrepreneurs who plan to invest abroad for the first time it adds a new question mark to their minds and creates additional cost items to B TO B Database be paid to business partners in target countries. fact is that with each additional mandatory reporting and notification obligation introduced and the exchange of information between international authorities nothing will be the same in the international taxation axis and within the principle of transparency in taxation the field of action which was quite wide in the past is gradually decreasing. It is obvious that it will start to be restricted slowly.
We will all witness over time what changes this situation will cause in investors action plans but it is expected that these additional obligations will lead to a review of international group structures in the first place and a simplification of these structures in line with needs and targets. While the dynamics of international taxation have changed so radically the mandatory information exchange reporting and reporting obligation directive in crossborder tax transactions introduced by the European Union member states Directive EU on mandatory automatic exchange of information in the field of taxation in relation to reportable cross We wanted to prepare a series of articles explaining what changes await investors.
While this situation naturally causes groups that have been established abroad for a long time to change their practices that have been going on for years and to restrict their space of action with additional obligations For potential entrepreneurs who plan to invest abroad for the first time it adds a new question mark to their minds and creates additional cost items to B TO B Database be paid to business partners in target countries. fact is that with each additional mandatory reporting and notification obligation introduced and the exchange of information between international authorities nothing will be the same in the international taxation axis and within the principle of transparency in taxation the field of action which was quite wide in the past is gradually decreasing. It is obvious that it will start to be restricted slowly.
We will all witness over time what changes this situation will cause in investors action plans but it is expected that these additional obligations will lead to a review of international group structures in the first place and a simplification of these structures in line with needs and targets. While the dynamics of international taxation have changed so radically the mandatory information exchange reporting and reporting obligation directive in crossborder tax transactions introduced by the European Union member states Directive EU on mandatory automatic exchange of information in the field of taxation in relation to reportable cross We wanted to prepare a series of articles explaining what changes await investors.