Our Tax Approach

Fair Price Provision

While there is no internal regulation on this subject, Articles 24 and 27 of the Capital Markets Law have assured the shareholders' right to sell shares for a fair price in the event of a change in control of the company. Since Türk Telekomünikasyon A.Ş. is subject to this Code, shareholders are entitled to a fair price for their shares in the event of change in control given that they oppose and get their opposition recorded at the General Assembly.

Relations with Tax Authorities

The Group always keeps developing strong, mutually respectful relationships with tax authorities, based on transparency and trust.

Transfer Pricing Practices

Transfer Pricing Practices are a process through which the Türk Telekom Group ensures that prices applied in intra-group transactions are aligned with the arm’s length principle, while also managing tax-related processes and financial risks. In intercompany transactions, we prioritize the accurate reflection of where value is created; accordingly, our transfer pricing practices are conducted in line with the OECD Transfer Pricing Guidelines and in compliance with the arm’s length principle. Pricing of intercompany transactions is determined by taking into account the functions performed, assets used, and risks assumed, and is supported by appropriate economic analyses and substantiating documentation tailored to the nature of the transactions.

Commitment

As Türk Telekom Group, we act in compliance with tax regulations in all countries where we operate.

Tax Risk Management

Türk Telekom Group’s tax practices are reviewed and updated by the Finance Assistant General Manager in line with national and international requirements. The updates are reviewed by the Audit Committee established under the Board of Directors of Türk Telekomünikasyon A.Ş., which is responsible for overseeing and monitoring the Company’s tax policy and tax risks.

Tax Governance

Tax-related matters within Türk Telekom Group are managed by the Tax Strategies Group Management, which operates under the Group Financial Control Directorate reporting to the Finance Assistant General Manager. While reviewing the Company’s financial results together with the Independent Audit Reports, the Audit Committee also oversees tax processes as part of the reporting framework.