Tag: Turkey
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General Communiqué on Disguised Profit Distribution Through Transfer Pricing (Serial No: 4 & 5) in Turkey
The General Communiqués on Disguised Profit Distribution Through Transfer Pricing (Serial No: 4 and 5) in Turkey introduce significant changes to transfer pricing regulations, aligning them with international standards and providing detailed guidance for taxpayers. General Communiqué No. 4 Published in the Official Gazette on September 1, 2020, Communiqué No. 4 revises the original General…
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Country-by-Country Reporting (CbCR) Regulation in Turkey
Turkey has implemented Country-by-Country Reporting (CbCR) in accordance with OECD BEPS Action 13 and Transfer Pricing Guidelines, with the Turkish Revenue Administration (Gelir İdaresi Başkanlığı – GİB) responsible for oversight. The CbCR framework aims to enhance tax transparency, prevent profit shifting, and ensure compliance with international tax regulations. This guide provides CFOs and tax professionals…
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Specific regulations and guidelines provided by the Turkish Revenue Administration regarding CBC Reporting
The Turkish Revenue Administration (TRA) has issued specific regulations and guidelines regarding CbC reporting to ensure compliance and facilitate the implementation of the international standards. Here are some key aspects of the regulations and guidelines provided by the TRA: MNEs operating in Turkey should refer to the official guidelines and updates provided by the TRA…
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How CbC reporting is presented in Turkey
Country-by-Country (CbC) Reporting is an international initiative aimed at enhancing transparency and combating base erosion and profit shifting (BEPS) among multinational enterprises (MNEs). Turkey, as a member of the OECD and a signatory to the BEPS project, has implemented regulations regarding CbC reporting to ensure compliance and facilitate the exchange of information among tax authorities.…
CbC Reporting 