Related parties
Also called: related-party transactions · ilişkili kişiler
Buyer and seller who are linked, for example through ownership, control, employment or family ties. Transaction value may still be used between them, but only if the relationship did not influence the price, which can be shown by test values or by how the price was set.
In practice
Transfer-pricing adjustments made after import can change customs value, so tax and customs teams need to coordinate on intra-group pricing.
EU
Türkiye
USA
UKRelated terms
- Transaction value
- The price actually paid or payable for goods when sold for export to the importing country, adjusted for items such as commissions, packing, assists,…
- Customs value
- The value of imported goods on which ad valorem duties are calculated. Almost all countries follow the WTO Customs Valuation Agreement, under which…