Subject: Circular on Disguised Profit Distribution via Transfer Pricing / 3 published on 22.02.2021 announces the extension of period for filing the first CbC report for 2019 that must be filed electronically via the tax administration’s information transfer system (BTRANS) and announces that correction of prior CBC notifications is not required.
As
known, the period for the submission of the first CbC report for the 2019
fiscal period and the special fiscal period ending in January / 2020 through
Circular TF-2 / 2020-1 dated 17/12/2020 through the Revenue Administration
Information Transfer System (BTRANS) has been extended by the end of February
26, 2021 through BTRANS.
According
to new Transfer pricing Circular serial number 3 dated 22.02.2021; the deadline
for submission of the first Country by Country Report for the 2019 fiscal
period and additionally the first Country by Country Report for the special
fiscal period ending in January / February 2020 through BTRANS has been
extended until the end of Wednesday, March 31, 2021 for the MNEs with UPEs or
SPEs in Turkey. For the MNEs with UPEs or SPEs residing outside of Turkey; the
2019 fiscal period and additionally the first Country by Country Report for the
special fiscal period ending in January / February, March, April and May 2020
have been extended to Wednesday, June 30, 2021.
In
addition, the CBC notification forms for
2019 fiscal period and the special fiscal period starting after 1/1/2019 which have been filed within the periods
specified in the aforementioned Communiqué, in accordance with the explanations
in the Internet Tax Office and the conditions on the date of issue; does not
need to be corrected due to the changes
that occurred after the date (including the change of the reporting entity with
the entry into force of the competent authority agreement for the change of CbC
reports.
Please
find below the link for the detailed information regarding the Decision.
https://www.gib.gov.tr/node/151729
Regards,