Turkey's Revenue Administration has announced the publication of Circular TF-3/2021-1 of 22 February 2021, which provides a further extension for the initial submission of Country-by-Country (CbC) reports. Previously extended to 26 February 2021, extensions are now provided as follows, depending on whether the ultimate or surrogate parent of the group is resident in Turkey:

• If the ultimate or surrogate parent is resident in Turkey, CbC reports for the 2019 reporting fiscal year and reports for a non-calendar year ending in January and February 2020 must be submitted via the Revenue Administration Information Transfer System (BTRANS) by 31 March 2021; and
• If the ultimate or surrogate parent entity is not resident in Turkey (and local filing requirements apply), CbC reports for the 2019 reporting fiscal year and reports for a non-calendar year ending in January, February, March, April, and May 2020 must be submitted via the Revenue Administration Information Transfer System (BTRANS) by 30 June 2021.

The standard deadline will apply 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, which is 12 months following the end of the reporting fiscal year.