Hong Kong Launches Consultation on Crypto Asset Tax Reporting Ahead of 2028 CARF and 2029 CRS Rollout

Hong Kong’s government has opened a public consultation on implementing the OECD’s Crypto-Asset Reporting Framework (CARF) and the revised Common Reporting Standard (CRS). Authorities expect to introduce legislation by next year, with automatic tax information exchange under CARF targeted for 2028 and CRS changes scheduled for 2029, according to the government.