OrbitaxTurkey Issues Draft Transfer Pricing Rules including CbC Reporting
|Proposed Changes|Turkey
On 16 March 2016, Turkey's tax authority issued a draft communiqué for public comment on new transfer pricing documentation requirements based on the guidelines developed as part of Action 13 of the OECD BEPS Project; including requirements for:
- Country-by-Country (CbC) report;
- Master file; and
- Local file
CbC Report
The draft CbC reporting requirement will apply for ultimate parent entities of MNE groups resident in Turkey when the annual consolidated group revenue in the previous year …