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U.S. IRS Notes Possible Further Extension for CbC Report Local Filing in Turkey — Orbitax Tax News & Alerts

The U.S. IRS has updated its Country-by-Country Reporting Jurisdiction Status Table regarding exchange with Turkey, which is still under negotiation. As per a prior update, it was noted that Turkey had extended the deadline for CbC report submission (including local filing) till 31 June 2021. This has been expanded in the latest update to also note that U.S. constituent entities may now request additional time from the Turkish Revenue Administration in written format aimed at requesting an extension within 15 days of 28 June 2021.