Decree No. 8956 amending the Decree on Disguised Profit Distribution Through Transfer Pricing was published in Official Gazette No. 32662 of 14 September 2024.
The “Decree Amending the Decree on Disguised Profit Distribution Through Transfer Pricing (Decree No: 8956)” was published in Official Gazette No. 32662 of 14 September 2024.
Under the Decree, changes have been made to Article 19 of the Decree, entitled “Documentation”, and the following wording has been updated:
- the expression “Large Taxpayers Tax Office Directorate” has been replaced with “Istanbul Provincial Directorate of Finance, Large Taxpayers Tax Office Directorate”,
- the expression “the month of June each year” has been replaced with “the sixth month following the end of the accounting period to be reported”.
Under this provision, members of multinational enterprise groups within the scope of country-by-country reporting will notify the administration, by the end of the sixth month following the end of the accounting period to be reported, whether they are the ultimate parent entity or a surrogate entity, which entity will report on behalf of the group, and the information relating to the accounting period.