The Resolution No. 65 has been issued on 30th July 2015 and published on the tax administration’s website. As described under article 10 and paragraph 3 of the Income Tax Law on about the indirect transfer of shares, this resolution controls reporting on the indirect transfer of shares and other instruments representing the investment of a company. There is also an approval of Form No. 1921 to be used for indirect transfer shares. It enters into force from 5th August 2015. The main characteristics governed are as follows:
- The reporting information that includes the identification of parties involved in the transaction, a detail of underlying shares, the transfer value and the payment process.
- The closing date for reporting on the indirect transfer of shares is 30th October 2015 and the deadline for reporting on the indirect transfer of shares carried out after 5th August 2015 is the last day at work day of the month ensuing that in which the transaction occurred.
