Hong Kong Passes Crypto Tax Reporting Bill Under OECD Rules Starting in 2027

Hong Kong’s Legislative Council approved a crypto tax reporting bill on November 4 that adopts the OECD’s Crypto-Asset Reporting Framework, requiring service providers to collect customer transaction data starting in 2027 and to begin international information exchanges in 2028. The legislation makes Hong Kong an early adopter of the OECD standard, which is designed to give tax authorities visibility into cross-border crypto activity that often escapes existing reporting regimes. The bill does not itself impose a new tax, but it obliges crypto service providers to gather and report customer data, expanding compliance obligations for exchanges and other platforms operating in the jurisdiction. Watch for guidance from Hong Kong authorities on which providers and asset types fall within scope, and for other jurisdictions to follow with their own 2027–2028 implementation timelines.