Turkey issues guidance on transfer pricing documentation requirements

Executive summary

On 1 September 2020, the Turkish Government published The General Communiqué on Disguised Profit Distribution through Transfer Pricing (Series No:4) (the Communiqué) in the Official Gazette. The Communiqué provides detailed information regarding the new transfer pricing documentation requirements (i.e., Country-by-Country Reporting and the Master file) in accordance with Action 13 of the Base Erosion and Profit Shifting (BEPS) initiative of Organisation for Economic Co-oper…