Under section 58H of the Inland Revenue Ordinance (Cap. 112), a Hong Kong entity of a reportable group is required to file a notification in relation to country-by-country (“CbC”) reporting for an accounting period. The notification must be filed within 3 months after the end of the relevant accounting period (“notification deadline”).
In view of the latest situation of COVID-19, the Department would accept the Hong Kong entity and its service provider as having complied with the notification deadline for the relevant accounting period ended between 31 December 2019 and 29 February 2020, provided that the notification is received via the CbC Reporting Portal on or before 1 June 2020.
As announced by Inland Revenue Department.