The Hong Kong Inland Revenue Department has published an FAQ on Country-by-Country (CbC) Reporting. The FAQ covers the following: Reporting Entity, including questions on determination of residence of the ultimate parent and dual residence issues and the appointment of a surrogate parent entity; Local Filing, including questions on the Mutual Assistance Convention (MAC) as an international (exchange) agreement, which takes effect for Hong Kong for accounting periods beginning on or after 1 January 2019, summarized as follows: where the ultimate parent is resident in a jurisdiction that is MAC jurisdiction but does not have a tax treaty or TIEA with...