On 22 February 2021, the Turkish Revenue Administration has issued Circular TF-3/2021-1 by which Turkey extends Country-by-Country (CbC) report filing deadline. Previously, Turkey extends CbC report filing deadline to 26 February 2021. The new deadlines are set as follows:
- For the ultimate parent company is resident in Turkey, CbC report for the 2019 accounting period and the special accounting period ending in January and February 2020 have to submit by 31 March 2021 through the Revenue Administration Information Transfer System (BTRANS); and
- For the ultimate parent company is not resident in Turkey, CbC report for the 2019 accounting period and the special accounting period ending in January, February, March, April, and May 2020 have to submit by 30 June 2021 through the Revenue Administration Information Transfer System (BTRANS).
On the other hand, the deadline is 12 months following the end of the reporting fiscal year for reporting fiscal years ending from March 2020 in the case of a resident parent or June 2020 in the case of a non-resident parent.
