The Guernsey Government has published the competent authority agreement on the automatic exchange of Country-by-Country (CbC) Reports with Hong Kong, which was signed on 9 January 2019. The agreement is effective the date it was signed
The agreement provides that pursuant to Article 24 (Exchange of Information) of the 2013 Guernsey-Hong Kong tax treaty, each Competent Authority will annually exchange on an automatic basis the CbC Report received from each reporting entity that is resident f…