Hong Kong Passes Crypto Asset Tax Reporting Bill, to Take Effect in 2027

As reported by 深潮 TechFlow on November 4, according to an announcement by the Hong Kong SAR Government, the Legislative Council passed the Taxation (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026, implementing the OECD Crypto-Asset Reporting Framework in Hong Kong.

The framework will take effect in 2027, and relevant service providers must collect the prescribed information for the Inland Revenue Department of Hong Kong to exchange with partner jurisdictions starting in 2028. The amended Common Reporting Standard will also take effect in 2028, and the Inland Revenue Department will automatically exchange financial account information with appropriate partners under the new standard starting in 2029.

Source: 深潮 TechFlow