Important Reminder: Country-by-Country Reporting Notification Deadline Approaching

Circular No: 2024 / 57

Date: 10.06.2024

Reminder: The deadline for the Country-by-Country Reporting Notification Form is June 30, 2024

For the reporting year of FY 2023, Turkish corporate income taxpayers that are members of a Multinational Enterprise (MNE) Group and had consolidated group revenue of FY 2022 amounting to EUR 750 million or more should notify the Tax Authorities with the Country-by-Country Reporting (CbCR) Notification Form until the end of June following the end of the relevant fiscal year.

The CbCR Notification Form must be submitted by all eligible corporate taxpayers via the Internet Tax Office until June 30th, 2024, for the accounting period 1/1/2023 - 31/12/2023 or special accounting periods ending in 2023.

Regarding the submission of the Notification Form, it does not matter whether the Multilateral Competent Authority Agreements are in effect or not. For this reason, the CbCR Notification Form must be filled out and submitted by the taxpayers that are eligible for reporting (i.e. consolidated group revenue of FY 2022 amounted to EUR 750 million or more) until 30/6/2024.

If the ultimate parent entity of the MNE Group is in Turkey, the Notification Form must be filled out only by the ultimate parent entity on behalf of its group companies. For MNEs with more than one company in Turkey, one selected group company can submit the notification on behalf of the other group companies.

In the event that an error is detected in the Notification Form, corrections can be made by resubmitting the Notification Form, revised accordingly, by the end of the month following the deadline for submitting the form. However, if the correction notification is submitted after this period, a penalty will be imposed in accordance with the provisions of the Tax Procedure Law.

Kind regards,   

“Our explanations given above contain general information on the subject. No liability claims can be made against Rödl & Partner for the consequences arising from or related to the content of this document."