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Turkey Provides Extension for Submission of Initial CbC Reports — Orbitax Tax News & Alerts

Turkey's Revenue Administration has announced the publication of Circular TF-2/2020-1 of 17 December 2020, which provides an extension for the initial submission of Country-by-Country (CbC) reports. This includes that CbC reports for the 2019 reporting fiscal year and reports for a non-calendar year ending 31 January 2020 must be submitted via the Revenue Administration Information Transfer System (BTRANS) by 26 February 2021. For reporting fiscal years ending in February 2020 and later, the standard deadline applies, which is 12 months following the end of the reporting fiscal year.