Regulation
Hong Kong Approves New Crypto Tax Reporting Rules for 2027
TL;DR: The Legislative Council of Hong Kong passed the Inland Revenue (Amendment) Bill 2026 on November 4, 2026, to implement the OECD’s Crypto-Asset Reporting Framework (CARF). Digital asset service providers must register and begin collecting tax identification and transaction data starting January 1, 2027. The automatic, reciprocal exchange of tax data with partner jurisdictions will commence in 2028, while the amended Common Reporting Standard (CRS) will take effect in 2028, with initial exchanges scheduled for 2029. A new regulation on crypto tax reporting was passed this Wednesday by the Legislative Council of Hong Kong. The new rule will require service...
Crypto Economy6 min read
