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Turkey makes mark with first APA

July 20, 2011

Ralph Cunningham TPW

Turkey hopes to move on to negotiating bilateral advance pricing agreements after the signing of its first unilateral APA last week.

The administration and a taxpayer signed the agreement on July 15, after about a year of negotiation. Feyyaz Yazar of the Turkish Revenue Administration said this was a little longer than expected. He could not disclose the name of the company or the industry it came from.

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