Within the scope of the agreement signed between the two countries, it is aimed to exchange the CbCR by using extensible markup language (XML) and through automatic schema for the fiscal years of MNE groups starting on or after 1 January 2019.
Information on specific indicators of the location of the economic activity, taxes paid, and the global distribution of income among countries of operation, provided that one or more of the reporting entity of MNE group is resident for tax purposes in the country of the other competent authority or is subject to taxation in relation to its activity through a permanent establishment, will be subject to exchange in order to improve access to information by tax authorities and to increase international tax transparency.
https://www.resmigazete.gov.tr/eskiler/2022/02/20220214-4.pdf
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NAZALI TAX & LEGAL |