Hong Kong Passes Crypto Tax Reporting Law, With Data Collection Starting in 2027 Hong Kong's Legislative Council on November 4 passed the Inland Revenue (Amendment) (Crypto Asset Reporting Framework and Common Reporting Standard) Bill 2026, which implements the OECD's Crypto Asset Reporting Framework (CARF). Under the new law, relevant crypto asset service providers will be required to collect transaction information starting in 2027, with Hong Kong starting an automatic exchange of crypto-related tax information with partner jurisdictions in 2028. The revised Common Reporting Standard (CRS) will take effect in 2028, with automatic exchanges of financial account information under the updated standard beginning in 2029. Hong Kong's Financial Services and Finance Minister Christopher Hui said the legislation was aimed at strengthening international tax transparency and combating cross-border tax evasion. - Link.

Hong Kong Passes Crypto Tax Reporting Law, With Data Collection Starting in 2027 Hong Kong's Legislative Council on November 4 passed the Inland Revenue (Amendment) (Crypto Asset Reporting Framework and Common Reporting Standard) Bill 2026, which implements the OECD's Crypto Asset Reporting Framework (CARF). Under the new law, relevant crypto asset service providers will be required to collect transaction information starting in 2027, with Hong Kong starting an automatic exchange of crypto-related tax information with partner jurisdictions in 2028. The revised Common Reporting Standard (CRS) will take effect in 2028, with automatic exchanges of financial account information under the updated standard beginning in 2029. Hong Kong's Financial Services and Finance Minister Christopher Hui said the legislation was aimed at strengthening international tax transparency and combating cross-border tax evasion. - Link.