Hong Kong has passed a new crypto tax reporting law that will require digital asset service providers to collect transaction information from 2027 and allow authorities to share the data with overseas tax agencies starting in 2028.
Summary
- Hong Kong’s Legislative Council passed a new crypto tax reporting law on November 4, adopting the OECD’s Crypto Asset Reporting Framework.
- Crypto service providers will be required to collect customer and transaction information from 2027, with automatic exchanges of tax data between Hong Kong and partner jurisdictions starting in 2028.
- The amended Common Reporting Standard will take effect in 2028, with international exchanges of…
