31.05.2021
- 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 Republic of Turkey – Translated by Karen Audit – The rights of this translation belong to KarenAudit and unauthorized use is prohibited.
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