Turkey: Delay with processing Tax ID applications and renewals of Certificate of Tax Residence
Clearstream Banking informs customers, that due to the COVID 19 situation, the Turkish tax authorities are currently facing some delays processing new Tax ID applications and the renewal of Certificate of Tax Residence (COTR) renewals.
Customers are therefore informed that the above will be processed as follows:
Registration of an existing Tax ID
Customers can continue to send a request for registering an existing Tax ID to Clearstream. Applications will be processed in line with current procedure.
Application for a new Tax ID or renewal of a Certificate of Tax Residence (COTR)
Customers can continue to request an application for a new Tax ID or renewal of a COTR from Clearstream Banking in order for us to review and confirm the validity of the documents.
However, due to processing delays with the Turkish tax authorities, such applications can only be completed at an unspecified time.
We continue to monitor the situation and will provide further information as it becomes available.
This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A. its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions