IRS has announced that the Competent Authority Agreement between the United States of America and the Republic of Turkey has been signed as of 24.11.2021.  With the signature of the DTC CAA; the United States of America will automatically exchange the Country by Country Reports (CBCR) with the Republic of Turkey. The Turkish affiliates of US Multinational Enterprises (MNEs) will not be required to locally file 2020 CBCRs to Turkish Revenue Administration (TRA). The Reports will be automatically shared by IRS with the TRA. This is an important development which will ease the compliance burden of  Turkish subsidiaries of US MNEs in Turkey.

Please find below the link for the detailed information regarding the Agreement.

Country-by-Country Reporting Jurisdiction Status Table | Internal Revenue Service (irs.gov)

Regards,