“New Transfer Pricing Regulations and Requirements for Documentation, CbC Reporting and CbCR Notification in Turkey”

“New Transfer Pricing Regulations and Requirements for Documentation, CbC Reporting and CbCR Notification in Turkey”

Transfer Pricing General Communiqué no. 4 (the Communiqué), which is revising the TP General Communiqué no. 1 governing Disguised Profit Distribution through transfer pricing, was announced in the Official Gazette (No 21231) on 1 September 2020.

Update of Section 7 of TP General Communiqué no. 1 in line with the Presedential Decree no. 2151 which was announced on 25 February 2020 and introduced the three-layered transfer pricing documentation requirements in line with the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan 13 that was prepared within the framework of the BEPS Action Plan.

In this context, we share with you "New Transfer Pricing Documentation Requirements” and “CbC Reporting and Notification Requirement" that will guide the companies in terms of Transfer Pricing Documentation and Other Obligations.

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