The Hong Kong government plans to adopt a global crypto tax reporting framework by 2028 after discussions with the OECD. This framework will expand the Common Reporting Standard to cover crypto transactions, aiming to improve transparency and combat tax evasion. Legislative amendments are being prepared, with the first automatic exchange of information expected in 2028. Officials emphasize the importance of international tax cooperation in maintaining Hong Kong’s status as a financial hub. The move is part of broader efforts to attract global investors and provide regulatory clarity in the digital asset space.
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