Turkey's Revenue Administration has announced the publication of Presidential Decree No. 2151 of 24 February 2020, which amends the country's transfer pricing regulations. This includes the introduction of the three-tier documentation requirements of BEPS Action 13 that apply from the 2019 reporting fiscal year (beginning 1 January 2019):
The Decree also includes secondary CbC reporting obligations for non-parent constituent entities in Turkey in cases where:
The secondary local filing requirements also apply from 2019, although the Decree includes a final provision on documentation that indicates that the administration may extend the obligation to 2020.
In addition to the new documentation requirements, the Decree also provides for certain other amendments, including:
The Decree entered into force on the date it was published in the Official Gazette, 25 February 2020.