Despite tax being an area, which involves both financial and legal disciplines in Turkey, tax related services are predominately offered by accountants and/or certified public accountants and to achieve the best results, it is imperative that experts from both legal and financial disciplines work in close collaboration.

In this context, NAZALI’s tax services, which are both a sub-branch of law and considered a constitutional duty of taxpayers, are listed below:

Tax Disputes

• Correction of tax errors and filing complaint applications and process management
• Tax return submission with reservation and tax litigation
• Tax inspection consultancy
• Tax ruling application and process management
• Representation of client before report evaluation commissions
• Representation of client in settlements that take place before and after assessment
• Management of the precautionary distrain and accrual process
• Litigation related to tax penalties as per article 359 of Tax Procedural Law (Tax Criminal Law)
• Follow-up tax litigation procedure and representation of client before tax courts

Restructuring of Companies

Due to difficulties in competition and constant evolving conditions in today’s economy, restructuring needs of companies have become commonplace. Restructuring is a method which should be utilized not only by domestic companies but also by international companies in order to achieve a certain scale of business and work efficiency.

Despite the feasibility and profitability of exemptions provided by tax laws and prevention of double tax treaties, restructuring transactions may lead to serious problems if not carried out in compliance with legislation. Therefore, it is crucial for such complex transactions to be carried out by a professional that is able to concurrently evaluate legal and financial aspects and evaluate commercial, financial, accounting and tax impacts.

Company restructuring services that NAZALI provides are as follows:

• Merger
• Spin-off
• Conversion of company type
• Restructuring of equity/capital structure (equity recovery by capital movements)
• International restructuring (in light of double tax treaties)