Hong Kong Crypto Traders Will Have Tax Residence Checked Starting in 2027
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TLDR Hong Kong’s Legislative Council passed a crypto tax-reporting bill on Nov. 4, 2026. Covered crypto providers must start collecting user information on Jan. 1, 2027. The Inland Revenue Department will begin sharing the data with partner jurisdictions in 2028. Updated financial account reporting rules take effect in 2028, with exchanges in 2029. The tax office will build a reporting portal and publish a data schema for providers. Crypto customers in Hong Kong will have their trading details collected for tax purposes starting in 2027. The city’s Legislative Council passed a crypto tax-reporting bill on Nov.
Source: CoinCentral
