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FATS SCHEDULE 2 PROCUREMENT TASKING ORDER FORMAT/FINAL/AMENDMENT (DELETE AS APPROPRIATE)All conditions of the Framework Agreement FATS/4 shall apply as supplemented by the terms selected below. The
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fats4atkn stands for Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) for Automatic Exchange of Information (AEoI) in Turkey.
Financial institutions in Turkey are required to file fats4atkn.
Fats4atkn can be filled out electronically through the online portal provided by the Turkish Revenue Administration.
The purpose of fats4atkn is to ensure compliance with international tax reporting standards and to prevent tax evasion.
Financial institutions need to report information on financial accounts held by foreign tax residents.
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