What are the required conditions and documents to be attached to the application petition in order to request a special accounting period from the tax office in Turkey?
For the special accounting period, a written application must be made to the Ministry of Treasury and Finance of Republic of Turkey (Revenue Administration), and permission must be obtained. The reason for requesting a special accounting period must be stated and documented.
Taxpayers who want to change to a special accounting period due to the nature of their activities can apply with a petition explaining the reason for the change in the accounting period.
However, institutions that want to change to a special accounting period for the consolidation of their financial statements due to their foreign partners must attach the notarized Turkish translation of the Articles of Association showing the accounting period of the foreign partner or the letter to be obtained from the independent audit institutions of the country where the foreign partner is located or the relevant public administration showing the accounting period to their petitions regarding the special accounting period request.
Source: Revenue Administration of Turkey – Translated by: Karen Audit
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.