[UPDATE]

The Inland Revenue Department has extended the deadline for Country by Country Reporting to May 15 for those companies with year end date commencing 1 Jan 2018. 

For details, please go to https://www.ird.gov.hk/eng/tax/dta_cbc_deadline.htm.

Regards,
Elizabeth Law
Chairman of Taxation Committee
The Society of Chinese Accountants & Auditors

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Dear Members and Affiliates,

Please be reminded that under section 58E(2) of the Inland Revenue Ordinance, a Hong Kong ultimate parent entity may voluntarily file a country-by-country (CbC) return in respect of an accounting period beginning on or after 1 January 2016 but before 1 January 2018 by the filing deadline, which is the date on which a period of 12 months after the end of the accounting period expires. Effective from 1 April 2019, the Inland Revenue Department will not accept voluntary filing of a CbC Return for an accounting period ended on or before 31 March 2018. Pursuant to bilateral exchange arrangements, Hong Kong should exchange CbC Reports with treaty partners within 18 months after the end of an accounting period commencing in 2016, or 15 months after the end of an accounting period commencing 2017.

Regards,
Elizabeth Law
Chairman of Taxation Committee
The Society of Chinese Accountants & Auditors

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