Turkey Tax Law

Ersin Nazalı is an expert on all aspects of tax issues. Having worked as a tax inspector for nine years under Revenue Administration, he has extensive knowledge and experience in tax and corporate law, especially in tax-customs disputes, customs litigation, transfer pricing, tax inspections, and tax-free re-structuring of companies.

& Legal

Tel: +90(212)217-1880 enazali@nazali.av.tr en.nazali.com

After graduating from university in 2001, he worked as a tax assistant in Turkey office of an international tax and accounting consultancy company and then as deputy inspector in the Inspection Board of the Prime Ministry. In April 2004, he was assigned as the deputy tax inspector upon his success in the entrance exam. In May 2007, he became a tax inspector.

As of March 2009, he was assigned to the Tax Council with the approval of the Prime Ministry, a duty that allowed him to play a role in the preparation of tax laws in Turkey. Furthermore, as a member and a reporter of the Consultancy Commission, one of the organs of the Tax Inspectors Board, he held conferences on mergers, acquisitions, and spin-offs (de-mergers).

Between 2011 and 2012, he worked as a tax inspector at the Istanbul Tax Inspection Board under the Chairmanship of thin capitalisation, transfer pricing and foreign based income group.

Since August 2012, Ersin has been working as a tax consultant and attorney in the private sector.

He is listed as a leading tax adviser and attorney in Turkey by Legal 500 (2013, 2014 and 2015) and International Tax Review (2014, 2015, and 2016). He is also one of the founders of the Tracking of Tax Disputes Department within the Tax Inspectors’ Board.

Latin America and the Caribbean: Economic Recovery and Higher Commodity Prices Drive Rebound in Tax Revenues

Tax revenues as a share of GDP in Latin America and the Caribbean (LAC) rebounded to their pre-pandemic level in 2021 amid an economic recovery and higher commodity prices, according to a recent report launched by CIAT, ECLAC, the IDB and the OECD.

“Revenue Statistics in Latin America and the Caribbean 2023”, unveiled at the 35th Regional Fiscal Seminar in Santiago, Chile, reveals that the average tax-toGDP ratio in the LAC region rose by 0.8 percentage points in 2021 to 21.7%, which is the same level as in 2019, prior to the COVID-19 pandemic. The LAC average tax-toGDP ratio remained lower than the OECD average of 34.1% of GDP in 2021, by 12.5 percentage points.

The report shows that tax-toGDP ratios in the LAC region ranged from 12.7% in Panama to 33.5% in Brazil in 2021. The ratio increased in 18 of 25 countries between 2020 and 2021 and declined in the remaining seven countries.

The largest increase was observed in Belize (up by 5.0