The Hong Kong Inland Revenue Department has announced that an arrangement with mainland China for the automatic exchange of CbC reports is in effect. --- Arrangement between the Mainland and Hong Kong for automatic exchange of country-by-country reports in effect The Mainland and Hong Kong have entered into an arrangement for automatic exchange of country-by-country (CbC) reports.  The exchange arrangement applies to accounting periods beginning on or after 1 January 2018 (i.e. ended on or after 31 December 2018). Some Hong Kong entities of reportable groups whose ultimate parent entities are resident for tax purposes in the Mainland have previously notified...