Turkey has signed Common Reporting Multilateral Competent Authority Agreement (CRS MCAA) for the implementation of automatic exchange of financial account information pursuant to the OECD/G20 Common Reporting Standard (CRS) to launch exchanges in 2018. This country is the 88th jurisdiction to sign this treaty. This convention aims to prevent tax evasion. This treaty also contains provisions that would make it easier to implement automatic exchange of country-by-country reports on the tax affairs of multinational corporations with other countries’ tax administrations according to action 13 of the OECD/G20 base erosion and profit shifting (BEPS) project. Also, it helps in the implementation of exchange of private tax rulings involving multinational firms in accordance with action 5 of the BEPS project.
Related Posts

El Salvador, Turkey begin negotiations on double taxation treaty
El Salvador and Turkey have begun formal talks on a treaty to eliminate double taxation and curb tax evasion. This announcement was made by the Ministry of Foreign Affairs of El Salvador on 12 May 2025. The Turkish delegation was led by Ahmet
Read More
Turkey updates tax audit rules for digital and remote processes
The Turkish Ministry of Treasury and Finance has updated its tax audit regulations to enhance the use of electronic tools in audit procedures. Published on 13 May 2025, the amendment revises the October 2011 regulation by defining electronic system
Read More
Turkey to mandate smart taximeters and payment systems for taxis by 2025
The Turkish Revenue Administration (GİB) has released a draft communiqué under the Tax Procedure Law requiring all taxis in Turkiye to adopt integrated smart taximeters and payment systems by 31 December 2025. The measure seeks to promote digital
Read More
Turkey raises foreign exchange conversion support rate for businesses
Turkiye has raised the foreign exchange (FX) conversion support rate for companies converting foreign currency into Turkish lira (TRY) from 2% to 3%. This change, effective from 1 May to 31 July 2025. This update is outlined in Communiqué No.
Read More
Turkey extends VAT exemption for construction under incentive certificates
Turkey has extended a VAT exemption for construction activities in the manufacturing and tourism sectors, under Presidential Decision No. 9770 issued on 30 April 2025, which was published in the Official Gazette on 1 May 2025 (No. 32887). The
Read More
Turkey: Tax Authority extends 0% withholding tax on bonds, bills and sukuk to July 2025
Turkey's tax authority issued Presidential Decree No. 9769 on 30 April 2025, which was published in the Official Gazette on 1 May 2025 (No. 32887). The decree extends the 0% withholding tax rate on income derived from certain government-backed
Read More