Covered crypto service providers in Hong Kong must collect customer transaction information starting in 2027.
According to CryptoSlate, this is scheduled ahead of the tax authority’s launch of international information exchanges under CARF in 2028. In other words, service providers will first set up information collection, followed by cross-border exchanges by the tax authority.
· The two confirmed milestones are: collection in 2027 and exchange in 2028.
· The source does not elaborate on exactly which providers are covered or what information must be reported.
Before 2027, which entities would you most like to confirm are within scope?
According to CryptoSlate, this is scheduled ahead of the tax authority’s launch of international information exchanges under CARF in 2028. In other words, service providers will first set up information collection, followed by cross-border exchanges by the tax authority.
· The two confirmed milestones are: collection in 2027 and exchange in 2028.
· The source does not elaborate on exactly which providers are covered or what information must be reported.
Before 2027, which entities would you most like to confirm are within scope?
