Hong Kong commits to implement a crypto asset reporting framework and plans to complete the required local legislative amendments by 2026 or before
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2024-12-17 10:32 7,559
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Golden Finance reported that according to a news announcement from the Hong Kong SAR government, the Hong Kong government has stated to the Organization for Economic Co-operation and Development (OECD) Global Forum on Tax Transparency and Effective Exchange of Information (Global Forum) that Hong Kong is committed to implementing the Crypto-Asset Declaration Framework (Declaration Framework). ) to improve international tax transparency and combat cross-border tax evasion. Taking into account the latest timetable set by the Global Forum, the Hong Kong government initially plans to complete the required local legislative amendments on or before 2026, and start the first automatic exchange of information under the reporting framework with relevant tax jurisdictions from 2028.