Hong Kong Launches Consultation on Crypto Tax Reporting Framework
Hong Kong has launched a public consultation on implementing the OECD’s Crypto-Asset Reporting Framework and amendments to existing tax information exchange standards, the territory’s government announced Tuesday.
The consultation seeks feedback on proposed amendments to the Inland Revenue Ordinance that would enable Hong Kong to automatically exchange tax information on crypto-asset transactions with partner jurisdictions starting in 2028. The government plans to complete legislative amendments in the coming year.
The OECD published the Crypto-Asset Reporting Framework in 2023 to facilitate automatic exchange of tax information on crypto transactions, responding to rapid growth in digital asset markets. The framework also…
