What are the requirements for demanding a special accounting period and what documents should be attached to the application petition? (In Turkey)
For the special accounting period, it is required to obtain permission from the Ministry of Finance (Revenue Administration) with a petition. The reason for requesting the special accounting period must be specified and documented.
Taxpayers who want to pass to the special accounting period in terms of the nature of their activities can apply with a petition explaining the reason for the change in the accounting period. However, the organizations that want to pass to the special accounting period in order to consolidate the financial statements due to their foreign partners, will add to their petitions relating to the special accounting period.
The document including the notarized Turkish translation of the corporation’s charter showing the accounting period of the foreign partner or including the accounting period to be obtained from the independent auditing institutions or the relevant public administration of the country where the foreign partner is located, will be attached to the petition.
Source: GİB
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