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Regulation & supervision

Hong Kong passes crypto-asset tax reporting bill

APACSource: Hong Kong SAR Government

  • The Hong Kong SAR Government said on 4 November 2026 that the Legislative Council had passed the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework & Amended Common Reporting Standard) Bill 2026, implementing the OECD's Crypto-Asset Reporting Framework (CARF) and the latest Common Reporting Standard (CRS) amendments.
  • CARF will be implemented in Hong Kong next year, when relevant service providers must collect the specified information, allowing the Inland Revenue Department to exchange it with partner jurisdictions starting from 2028; the amended CRS takes effect in 2028, with automatic exchange of financial account information under the new standard starting from 2029.
  • Secretary for Financial Services & the Treasury Christopher Hui said aligning with the latest standards will reinforce the confidence of crypto-asset service providers, financial institutions and digital asset users in operating and making long-term investments in Hong Kong, and the department will issue guidance and has set up a dedicated support team.

Why it matters

Banks, crypto-asset service providers and other covered reporting entities in Hong Kong need to prepare for CARF customer and transaction data collection from next year and for CRS changes from 2028, with IRD guidance and a dedicated technical support team promised.

Read the original: Hong Kong SAR Government ↗

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More detail

Who is affected

Crypto-asset service providers, financial institutions and digital asset users in Hong Kong that fall under CARF or the amended CRS.

Key dates

  • Legislative Council passes the CARF and amended CRS bill

What remains uncertain

  • The government release does not give the exact calendar day in 2027 when CARF collection obligations begin.

Key facts

Event
Final rule
Jurisdiction
APAC
Source
Hong Kong SAR Government (news.gov.hk)
Source tier
Tier 1 · Regulator / central bank
How we verified this

The source says

“The Government today welcomed the passage of the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework & Amended Common Reporting Standard) Bill 2026 by the Legislative Council.”

“The bill aims to implement, in Hong Kong, the Crypto-Asset Reporting Framework (CARF) and the latest amendments to the Common Reporting Standard (CRS) developed by the Organisation for Economic Co-operation & Development (OECD).”

“CARF will be implemented in Hong Kong next year when relevant service providers will be required to collect the information specified under the framework, allowing the Inland Revenue Department to exchange this information with partner jurisdictions, starting from 2028.”

“The amended CRS will also take effect in 2028, and the Inland Revenue Department will automatically exchange financial account information with suitable partners in accordance with the new standard starting from 2029.”

Verbatim from Hong Kong SAR Government (news.gov.hk), matched word for word against the live page on 5 November 2026.

Sources

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-11-05 12:03 UTC
Archived snapshot
SHA-256 0da4588903958380… · fetched 2026-11-05
Change log (1)
  1. 2026-11-05 Published

Full evidence record · How we label confidence

AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.

Methodology · How we classify sources · Corrections · Report an error

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