US EditionHong Kong Targets Crypto Tax Evasion with 2028 Data Sharing Plan
Hong Kong aims to start automatic exchange of crypto tax data by 2028 under OECD rules to enhance tax transparency and combat cross-border evasion, officials said.
- A government consultation paper published this week invites feedback until February 6, 2026, on implementing OECD's Crypto-Asset Reporting Framework and amended CRS, according to Secretary Hui.
- Responding to an OECD peer review, officials say the move extends CRS-style transparency to digital assets and shows Hui's commitment to combating cross-border tax evasion.
- The consultation outlines measures including mandatory registration for financial institutions, CARF building on CRS with stronger crypto reporting, and automatic exchanges with partner tax jurisdictions meeting confidentiality standards.
- Industry participants stand to be affected as Julia Leung, Chief Executive of the Securities and Futures Commission, announced licensed exchanges will link with global order books, while HashKey Holdings prepares to raise at least $200 million.
- The government says it will complete local amendments in the coming year, start CARF exchanges in 2028, and implement the amended CRS in 2029 amid People's Bank of China and mainland regulators' crypto restrictions.
17 Articles
17 Articles
HK consults on crypto tax changes, commits to global standards
Hong Kong initiates public consultation on aligning its tax regime with the OECD's Crypto-Asset Reporting Framework to enhance tax transparency. The post HK consults on crypto tax changes, commits to global standards appeared first on CoinGeek.
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 g…
Crypto-Asset Reporting Framework: Hong Kong Opens Consultation on Crypto Tax Reporting Rules
TLDR: Hong Kong begins consultation to integrate CARF rules and enhance crypto tax-reporting obligations. Updated CRS rules introduce new digital financial products and stronger due-diligence requirements. Government plans mandatory registration and stricter penalties for institutions handling reportable data. Automatic exchange of crypto-asset tax information is targeted to start with partner jurisdictions in 2028. Hong Kong has opened a publi…
Hong Kong Outlines Roadmap for Crypto-Asset Tax Reporting by 2028
Hong Kong begins a public consultation on new global tax transparency rules. Proposed changes aim to introduce crypto-asset reporting under international standards. The government plans legislative amendments to meet OECD requirements. Public feedback will guide final proposals before implementation. The government has opened a public consultation on how Hong Kong should put the Crypto-Asset Reporting Framework into use and update rules under th…
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