The Turkish Tax Administration announced the publication of a communication amending General Communication No. 1 on Transfer Pricing.
The main amendment is to align the deadline for submitting CbC notifications in General Communication No. 1 with Presidential Decision No. 8956 dated September 14, 2024.
Presidential Decision No. 8956 provided that the deadline for submitting CbC notifications is within 6 months after the end of the reporting financial year, instead of the end of June of the year following the reporting year. In addition to aligning the relevant provision of General Communication No. 1, a new example has been added regarding the deadlines for submitting the CbC notification (within 6 months) and the CbC report (within 12 months).