--

[Hong Kong Plans to Automatically Exchange Tax Information on Crypto Assets Starting from 2028] The Hong Kong Special Administrative Region Government has launched a public consultation on implementing a reporting framework for crypto assets. Christopher Hui, Secretary for Financial Services and the Treasury, stated that the government will amend the Inland Revenue Ordinance to implement the reporting framework and the newly revised Common Reporting Standard. The government aims to complete the legislative amendments within next year, with the goal of automatically exchanging tax information related to crypto asset transactions with relevant partner tax jurisdictions starting from 2028, and implementing the newly revised Common Reporting Standard from 2029.

Loading...