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ARTICLE · 20 MAY 2021

Country By Country Reporting ("CbCR") Requirement In Turkey

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The actions in BEPS Action Plan that lists 15 actions rely on 3 main principles.

TurkeyTax
Beste Küçükşahin
Beste Küçükşahin
Yasir Yilmaz
Yasir Yilmaz
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ABSTRACT

Commissioned by G20 Summit in July 2013, Organization for Economic Cooperation and Development ("OECD") announced its action plan on the Base Erosion and Profit Shifting ("BEPS") and gathered the 15 actions under 3 main headings upon this action plan. Reviewing the documentation obligations regarding the transfer pricing within the scope of the Action #13 of this plan, OECD prepared a three-stage documentation plan and launched the Country by Country Reporting ("CbCR") application. Multilateral Competent Authority Agreement on The Exchange of Country By Country Reports, which was signed in Ankara on 30 December 2019, was ratified by the Presidential Decree #3038, published in the Official Gazette dated October 1, 2020 and no. 31261.

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