The Hong Kong Inland Revenue Department (IRD) launched its portal for the submission of Country-by-Country (CbC) reports on 5 March 2018. The portal allows ultimate parent entities established in Hong Kong to voluntarily submit CbC reports in respect of accounting periods beginning between 1 January 2016 and 31 December 2017. Hong Kong’s mandatory CbC reporting requirements will apply for accounting periods beginning on or after 1 January 2018, with the legislation for the implementation of the requirements currently pending approval by the Hong Kong Legislative Council ({News-2018-01-02/P/2-previous coverage}). In order to submit CbC reports via the portal, the individual authorized...