Post by account_disabled on Mar 14, 2024 16:12:09 GMT 12
The conveyed to the Capital Markets Board CMB by the relevant companies and the CMB responded unofficially on a company basis and stated that there was no need to disclose the weekly financial data to be forwarded to the CBRT on KAP. No official statement has been made regarding the issue yet. On the other hand the CBRT published a study titled Frequently Asked Questions Regarding the Corporate Monitoring Weekly Data Form taking into account the questions it received.
You can access the text in question via this link . Finally in cases where the necessary data notification is not made by the relevant companies based on the B TO B Database mentioned CBRT letter is not carried out accurately or completely or situations requiring a negative opinion are not corrected proceedings may be initiated in accordance with Article of Law No. and in this context judicial proceedings may be initiated for a period of one thousand days to two thousand days. We would like to point out that a fine may be imposed. In the minimum judicial fine is TL per day and the maximum judicial fine is TL per day.
The amount of the penalty to be applied within these limits is determined by the judicial courts. If the judicial fine cannot be paid sanctions up to imprisonment are possible. Multilateral Convention to Implement Tax Treaty MLI Related Measures to Prevent Base Erosion and Profit Shifting BEPS Action Plan Has Been Introduced to Parliament for Ratification Multilateral Convention Multilateral Tax Instrument MLI to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting BEPS was signed by countries including Turkey on June in Paris. Following the ratification of the agreement by law the Convention will enter into force separately for all the signatory countries including Turkey. It is targeted to enact amendments in bilateral double tax treaties without leading to any decrease.
You can access the text in question via this link . Finally in cases where the necessary data notification is not made by the relevant companies based on the B TO B Database mentioned CBRT letter is not carried out accurately or completely or situations requiring a negative opinion are not corrected proceedings may be initiated in accordance with Article of Law No. and in this context judicial proceedings may be initiated for a period of one thousand days to two thousand days. We would like to point out that a fine may be imposed. In the minimum judicial fine is TL per day and the maximum judicial fine is TL per day.
The amount of the penalty to be applied within these limits is determined by the judicial courts. If the judicial fine cannot be paid sanctions up to imprisonment are possible. Multilateral Convention to Implement Tax Treaty MLI Related Measures to Prevent Base Erosion and Profit Shifting BEPS Action Plan Has Been Introduced to Parliament for Ratification Multilateral Convention Multilateral Tax Instrument MLI to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting BEPS was signed by countries including Turkey on June in Paris. Following the ratification of the agreement by law the Convention will enter into force separately for all the signatory countries including Turkey. It is targeted to enact amendments in bilateral double tax treaties without leading to any decrease.