Extension of the Period Designated for Submission of the First Country by Country Report
Through the Revenue Administration Circular On Implicit Profit Distribution Through Transfer Pricing dated 17.11.2020 and numbered 2 (Circular), the submission period for Country by Country Report (CbCR), which has become part of the documentation obligation in transfer pricing for multinational business groups, has been extended.
Through the Circular, the deadline for submission of the following the CbCR via BTRANS has been extended until the end of Friday, February 26, 2021:
- The first CbCR for the accounting period of 2019.
- The first CbCR for the accounting period expiring in January/2020 which shall be submitted by the end of 31 January 2021.
On the other hand, the CbCR required to be prepared for special accounting periods ending in February/2020, and the following dates will be submitted electronically until the end of the twelfth month following the end of the relevant special accounting period.
You may find the full text of the Circular here.
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