Filling Out the Beneficial Owner Notification Form

ANNOUNCEMENT REGARDING THE BENEFICIAL OWNER NOTIFICATION FORM

General Communiqué No. 529 of the Tax Procedure Law, published in the Official Gazette No. 31540 dated 13/7/2021, regulated the reporting of beneficial owner information. The notification form has been made available under the "Other Notifications and Data Entry" menu in the Interactive Tax Office.

All taxpayers, including corporate tax taxpayers, subject to the beneficial owner reporting obligation must notify the Revenue Administration of their beneficial owner information electronically via the form specified in Article 6(2) by the end of 31/8/2021 at the latest.

For legal entities: (a) real person shareholders holding more than 25% of the equity; (b) if there is suspicion that such shareholder is not the beneficial owner or there is no such shareholder, the real person or persons who ultimately control the legal entity; (c) if the beneficial owner cannot be identified under (a) and (b), the real person or persons with the highest level of executive authority shall be reported as beneficial owners, filling in Part A of the form.