🌐 Global Tax Transparency and CRS (Common Reporting Standard)
Every individual and entity engaging in cross-border investment must confront the reality of OECD's BEPS (Base Erosion and Profit Shifting) action plans and CRS (Common Reporting Standard).
🔄 Automatic Information Exchange
Turkey and Montenegro have committed to automatic exchange of financial account information.
Example: Account information of a Turkish resident in Montenegro banks (balance, interest income, etc.) can be collected by Montenegro tax authorities and reported annually to Turkish Revenue Administration (GİB). The same applies vice versa.
💡 The Right Strategy
"Hiding" assets is no longer possible or legal. The correct strategy is managing assets through transparent, reportable yet tax-optimized structures (Holdings, Trusts, Funds).
Optimize Your International Tax Structure
CRS-compliant structuring, DTT optimization, holding setup, and transfer pricing documentation from our Turkey and Montenegro offices.
Get Expert Advice
Initial assessment within the same business day, complimentary.