Other Consulting and Audit Services

Other Consulting and Auditing Services

-Transfer pricing analysis and reporting

-Mergers and acquisitions (M&A)

-Tax and accounting practices specific to the domestic and international TRANSPORT sector

-Tax and accounting practices specific to R&D companies, accounting and payroll practices

– Tax planning within the framework of Turkish tax legislation and double taxation avoidance treaties

– Tax Implementation of Investment Incentive Legislation

– Legal and Financial Consultancy Services for Tax Disputes

– International Tax Consultancy

– Valuation and Consultancy Services for Mergers, Acquisitions and Spin-offs

Third Party Financing in Litigation and Arbitration

“Third Party Financing” is the transfer of the costs of litigation or arbitration by one of the parties to the dispute to a third party that is not related to the subject matter of the case.

Third party financing undertakes only the relevant costs and is not a party to the litigation or arbitration process.  Within a certain budget, all costs such as attorney’s fees, litigation expenses, expert witness fees, etc.

will be covered by third party financing, and if the case is won, the financing receives its share at a rate to be determined within the scope of the file.

If the case is lost, the third party providing the financing does not charge any fee.

The third party financing service provides consultancy services to local and international companies, financial and public institutions in the national and international arena, and 26 countries are covered.

The party to be financed will be provided with consultancy services by experts in different branches together with Karen Audit/Consulting and the service provider company in the relevant country and the processes will be followed by the partners.

In this process, the third party to provide financing will cover all expenses within the scope of the budget to be determined.

Third party financing company : Provides financing for litigation and arbitration cases pending before international jurisdictions and the world’s leading arbitration centers.

The value of the case to be financed by the Third Party Financing Company must be at least GBP 7.5 million (Approximately EUR 10 million). You can contact us for details.

Asset Investigation and Collection of Receivables (International)

What is international asset search and debt collection?

To put it simply, an asset search is a process in which specialized investigators “follow the money”. Expert investigators conduct asset investigations by identifying the relevant assets, examining the income obtained irregularly, and conducting all the investigations they deem necessary.

“Asset Investigation” is one of the basic elements of a quality investigation process, as it contributes significantly to the formation of the evidence required for filing a lawsuit and collection in order to achieve a successful result.

Since hiding assets, destroying traces and hiding the ownership structure are among the goals of debtors, it is not an easy process to identify assets, determine their location and ownership structure.

However, with our asset search service, we are able to identify assets that have been smuggled abroad, even in the most challenging jurisdictions. These assets can be fixed assets such as residential or investment properties, cars, yachts, airplanes, as well as company investments, partnerships, trust funds and international secret bank accounts.
As a result of our experience in this field, the most important factor in achieving success in the research and collection processes is to carry out a planned and meticulous preliminary research process before starting the field work.
For this reason, we aim to provide you with the best service by always being in contact with our customers in order to achieve a positive result in this process.

Taxation of Foreign Payments Service

In a globalized world, companies procure various goods or services from related or third parties resident abroad in order to continue and develop their existing commercial activities. Different tax liabilities may arise depending on the nature of the goods or services received, the agreements signed between the parties and the tax liability of the person or entity from whom the goods or services are obtained.
Considering the fact that goods or services procured from related persons and institutions abroad are frequently examined by both the Turkish fiscal administration and the world fiscal authorities within the scope of the OECD’s regulations on combating “Base Erosion and Tax Erosion”; with this service, it is aimed to analyze foreign payment transactions within the framework of income, corporate, value added and stamp tax laws and transfer pricing regulations, to reveal tax risks and to provide alternative solutions.
Our consultancy service we offer within the scope of payments made abroad aims to manage tax risks by taking into account the provisions of local tax legislation and double taxation avoidance treaties, the opinions of the fiscal administration and the decisions of the tax judiciary.