The Turkish National Assembly has recently passed a law ratifying the Convention on Mutual Administrative Assistance in Tax Matters. The OECD has also issued a notification that Turkey is the 88th country to sign the Multilateral Competent Authority Agreement on Automatic Exchange of Information.
In this regard, the Turkish tax authorities have prepared a draft communiqué adapting the OECD’s common reporting standard (CRS) into Turkish tax legislation.
Centrum Consulting, our alliance partner in Turkey, has published an article on this subject in the July/August issue of the International Tax Review. Please click here to read the complete article or download the pdf.