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Turkey Clarifies Determination of Ultimate Real Beneficiaries

|Approved Changes|Turkey
Turkey

Turkey's Revenue Administration has announced the publication of Tax Procedure Law Circular 145, which clarifies the determination of ultimate real beneficiaries (beneficial owners) in accordance with Article 5 of General Communiqué No. 529. The General Communiqué, published in July 2021, regulated the determination of ultimate real beneficiaries (beneficial owners) of corporate taxpayers, col…

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