Hong Kong Maps 2028 Start for Crypto Tax Data Sharing

Hong Kong has launched a public consultation on adopting the OECD’s Crypto-Asset Reporting Framework and updating the Common Reporting Standard, setting the stage for Hong Kong crypto tax data sharing with partner jurisdictions from 2028.

The government plans to pass amendments to the Inland Revenue Ordinance next year and roll out the revised CRS from 2029, aligning the city with global standards on tax transparency and digital assets.

Under the proposal, reporting financial institutions and crypto service providers would face stricter registration, reporting and due-diligence requirements.

Officials said the move is intended to strengthen enforcement against cross-border tax evasion while preserving Hong Kong’s position as an international financial and commercial hub.