Hong Kong passes crypto tax reporting law, with data collection starting in 2027

Hong Kong's Legislative Council passed the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026 on November 4, implementing the OECD's Crypto-Asset Reporting Framework (CARF). Relevant crypto-asset service providers must collect transaction information starting in 2027, with automatic exchanges of crypto-related tax data with partner jurisdictions beginning in 2028. The amended CRS takes effect in 2028, with exchanges under it starting in 2029. Financial Services and the Treasury Secretary Christopher Hui said the law aims to strengthen international tax transparency and combat cross-border tax evasion.

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