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The comprehensive guide to the world's leading tax firms

Peers and clients praise Deloitte's tax team, describing it as one of the market leaders. "I am happy with the tax services provided by Deloitte-Turkey and have worked with them since 2007. Niyazi Comez leads the tax group and we are quite happy with ... [more]

Peers and clients praise Deloitte's tax team, describing it as one of the market leaders.

"I am happy with the tax services provided by Deloitte-Turkey and have worked with them since 2007. Niyazi Comez leads the tax group and we are quite happy with his consultancy services," said a client.

The tax division totals 14 partners and more than 250 tax professionals.

The team specialises in M&A tax advice, particularly on due diligence and structuring. Gunes Sogutluoglu manages the M&A tax team.

The team advised a Turkish subsidiary of a television broadcasting company on the structuring of related-party transactions for newly established companies dealing with the television broadcasting. The new transfer pricing structure was designed to comply with television broadcasting rules.

The team also advised a local energy distribution company on its unbundling plans. The firm was required to assist with advice on alternative courses of action for unbundling to find the most tax efficient alternative that complied with the Energy Market Regulatory Authority regulations.

The practice has also been active on tax dispute work, advising a Turkish subsidiary of a multinational pharmaceutical company, for example.

The team worked on the preparation of a technical defence against the tax authority's interpretation that disguised profits that are distributed are subject to VAT.

Pekin & Pekin's tax department is managed by Ahmed Pekin, who manages a small team of two fee earners. The firm strengthened its position this year with the hire of former Ernst & Young tax manager and tax lawyer Fırat Yalçın. The firm has been ... [more]

Pekin & Pekin's tax department is managed by Ahmed Pekin, who manages a small team of two fee earners.

The firm strengthened its position this year with the hire of former Ernst & Young tax manager and tax lawyer Fırat Yalçın. The firm has been active on a range of tax matters over the past 12 months.

This year the practice acted as Turkish legal counsel for the issuer and the guarantors of notes and extension of a revolving credit facility to a sanitary products multinational.

The tax aspects were challenging as the matter did not involve any Turkish borrower and the documentation included guarantees by a Turkish entity and other security documents, giving rise to high amounts of Turkish tax, the payment of which were not possible to avoid as long as a Turkish entity was party to the documents.

Pekin and Gökben Erdem Dirican advised a Japanese tobacco company on the filing of three actions against the tax authorities about the cancellation of tax and penalty notices sent by tax offices for about TL15 million.

The firm also represented clients including a French distribution company, the American International Banking Group, BNP Paribas, Deutsche Bank's London and Emirates branches as well as lenders European Bank for Reconstruction and Development and the International Finance Corporation.

Özdirekcan Bilgiç Dündar Avukatlık Ortaklığı work in partnership with Gide Loyrette Nouel as its Turkish correspondent law firm.Bülent Özdirekcan manages the firm's tax department which includes two fee earners. The practice mainly works on cross-border ... [more]

Özdirekcan Bilgiç Dündar Avukatlık Ortaklığı work in partnership with Gide Loyrette Nouel as its Turkish correspondent law firm.

Bülent Özdirekcan manages the firm's tax department which includes two fee earners. The practice mainly works on cross-border transactions for clients in the banking and capital market sectors, though they can also advise M&A and foreign investments.

Özdirekcan and Akşit Berkay Noyan are advising a large French insurance group on the sale of its equity interests in certain subsidiaries in Turkey. The matter involved a complex group restructuring structure including several corporate assets that were privatised by the government. The firm is also advising a client in the cosmetic sector on the stamp duty aspects of the purchase of majority stakes in two Turkish companies and is advising a Spanish construction group on the tax impacts of an EU-sponsored construction project in Turkey.