Hong Kong passes OECD crypto tax reporting rules effective January 2027

On November 4, 2026, Hong Kong's Legislative Council passed the Inland Revenue (Amendment) Bill 2026, incorporating the OECD's Crypto-Asset Reporting Framework into city law. Effective January 1, 2027, crypto exchanges and brokers linked to Hong Kong must register with the Inland Revenue Department, conduct customer due diligence, and collect user transaction data. While the law imposes no new taxes, automatic annual data exchanges with international partner jurisdictions will begin in 2028.

Legislative passage and legal framework

• ▪The Inland Revenue (Amendment) Bill 2026 amends Hong Kong's existing Common Reporting Standard provisions governing international financial account information sharing
• ▪Hong Kong's Legislative Council passed the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026
• ▪The Inland Revenue (Amendment) Bill 2026 incorporates the OECD's Crypto-Asset Reporting Framework, introduced in 2023, into Hong Kong tax law
• ▪The Inland Revenue (Amendment) Bill 2026 mandates transaction data collection for existing tax compliance without introducing any new crypto taxes

Rules for crypto service providers

• ▪Reporting crypto-asset service providers linked to or operating in Hong Kong must register, conduct customer due diligence, and file annual reports with the Inland Revenue Department
• ▪The Inland Revenue (Amendment) Bill 2026 applies broadly to any service provider operating in Hong Kong meeting the definition of a reporting crypto-asset service provider (RCASP) without singling out specific platforms or tokens

Policy motives and public consultation

• ▪The Hong Kong government adopted the OECD standards to prevent digital asset tax evasion following feedback from OECD peer reviews
• ▪Hong Kong officials introduced the Inland Revenue (Amendment) Bill 2026's reporting rules to strengthen the city's standing as an international financial center while accommodating crypto sector growth