29 December 2016

Hong Kong to accept voluntary country-by-country reporting

Hong Kong's Inland Revenue Department (IRD) announced on December 22, that it will accept voluntary filing of country-by-country reporting (CbCR) for taxpayers with ultimate parent entities (UPE) located in Hong Kong. Voluntary filings will cover accounting periods commencing between January 1, 2016 and December 31, 2017.

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-2237

Document ID: 2016-2237