Transfer Pricing Associates (TPA) is the leading independent provider of global transfer pricing and valuation services as a part of the Transfer Pricing Associates Global Group. The Transfer Pricing Associates Global Group is an independent and specialist provider of expert transfer pricing, tax valuation and customs services, headquartered in Amsterdam. TPA Group also has global partners in over 30 countries around the world.

Transfer Pricing Associates provides high quality transfer pricing advice and assistance to multinationals/holdings/group companies of all sizes, wherever they are located. Transfer Pricing Valuation Business delivers global valuation services, where Transfer Pricing Customs business provides global customs advice and assistance.

GRANIT is Turkey-Global Partner of TPA Providing Global Transfer Pricing Solutions Over Ten Years of Experience

Recent developments have triggered a higher focus on tax and transfer pricing risk management and the need for specialised professionals in this area is increasing as new tax accounting rules are set forth.

In order to respond to this increasing need to recognise tax and transfer pricing risks and to identify methods for quantifying and managing such risks, TPA has developed tools to assess tax and transfer pricing risks arising from future structuring/restructuring as well as from inter-company transactions already in place. This tools are listed as follows:

• Country and risk matrix: This matrix allows group companies and multinationals to assess whether their global/regional transfer pricing master file supports the local country transfer pricing requirements. For the risk assessment the determination is based on a) Complexity of specific documentation to be prepared b) deadline for submitting documentation c) language requirements d) amount of penalties e) audit history f) financial performance of the local group company g) sophistication of the local tax administration

• Disclosure and maintenance manual: This tool illustrates the division of responsibilities for creating, managing, monitoring and updating the layers of transfer pricing documentation. It also indicates who is authorised to disclose certain transfer pricing documents to the relevant stakeholders.

• Recognition and measurement process: The process leads to an objective determination of your tax provision relating to your global/regional transfer pricing risks.

• Customs duty risk assessment: The customs valuation methodology mostly used is the WTO “Transaction Value” Method. This matrix allows multinationals/group companies to use due care to ensure that commercial documents and information appropriately reflect the information necessary to determine a reasonable and fair value under the local rules.

• Business process analysis: This tool is used for assisting companies also during the design phase with a qualitative assessment of transfer pricing risk deriving from envisaged restructurings as well as existing business configurations.

GRANIT is Turkey-Global Partner of TPA Created Global Benchmarking Platform

Transfer Pricing Associates created the Global Benchmarking Platform to provide multinationals with high quality benchmarking solutions across every continent in an innovative and cost efficient manner.

Transfer Pricing Associates has access to the most relevant databases needed to perform comparables searches in the determination of appropriate remuneration for all types of transactions involving your affiliated entities, such as: inter-company flows of goods, services, intangibles, loans and guarantees for any region, country of the world.

The Global Benchmark Platform follows “best practices” based on more than 10-years of experience and a constant dialogue with the major stakeholders: the business community, the tax authorities and OECD.

For more details on innovative services of TPA please visit;

www.tpa-global.com

Geneva Group International (GGI) is a top leading worldwide network of independent accounting, legal, tax, audit and consulting firms with members throughout the world.

According to the survey published by Accountancy Magazine in 2010, GGI is ranked as world the sixth biggest professional network around the globe. GGI is active in over 80 countries in 6 continets via over 460 member firms employing over 14.000 professionals and generating a total turnover of USD 4 billion.

Each independent member of GGI is a separate firm.  Each firm is organised under the laws of the territory in which it practices and is locally owned and managed. Each independent member is committed to achieving the highest levels of quality within their respective marketplaces and to striving for consistency in quality and delivery across the globe by cooperating with other members of the network.

For more information on Geneva Group International please visit to

www.ggi.com

The Turkish British Chamber of Commerce and Industry was founded in 1980 as a non-profit making organisation to provide its members with a wide range of services targeted at promoting bilateral trade, investment and joint ventures between the UK and Turkey.

For more information on The Turkish British Chamber of Commerce and Industry please visit to

www.tbcci.org