23 March 2016

Turkish Revenue Administration implements new transfer pricing documentation approach including CbC reporting

The Turkish Revenue Administration (TRA) released Draft General Communiqué no. 3 on Disguised Profit Distribution through Transfer Pricing (Draft Communique) on March 16, on its website to implement new transfer pricing reporting requirements for multinational enterprises in line with recommendations by the Organisation for Economic Co-operation and Development (OECD) and the G20. The Draft Communique is open for public comment and comments are due by March 31.

A Tax Alert prepared by Ernst & Young Turkey, and attached below, provides additional details.

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ATTACHMENT

Document ID: 2016-0550