Hong Kong passes crypto tax reporting law, requiring providers to track customer trades from 2027

Hong Kong's Legislative Council passed the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026 on Nov. 4. Covered crypto-asset service providers must begin collecting customer transaction and tax information in 2027, with the Inland Revenue Department starting international exchanges in 2028. The amended Common Reporting Standard takes effect in 2028, with exchanges beginning in 2029. The regime focuses on tax transparency rather than individual tax bills.