British Petroleum has been fined TRY474m (USD266m) by the Turkish government for allegedly failing to pay taxes on petroleum sold duty-free at borders, over a two year period from 2006.
The Turkish government has recently come under scrutiny over its tax collection and enforcement methods, with Turkish media group Dogan, which was heavily fined, publicly attacking the government for enforcing over-zealous opportunistic fines in order to subsidise its falling revenues, and for attempting to muzzle the media.
BP’s fine is comprised of TRY170m (USD95.4m) in back taxes and TRY303m (USD170m) in penalties.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment