【Hong Kong commits to implementing a cryptocurrency asset declaration framework, aiming to complete necessary local legislative amendments by 2026 or earlier】

According to reliable sources, the Hong Kong Special Administrative Region government has informed the Global Forum on Transparency and Exchange of Information for Tax Purposes of the Organisation for Economic Co-operation and Development (OECD) that it is committed to implementing a cryptocurrency asset declaration framework (the declaration framework) to enhance international tax transparency and combat cross-border tax evasion. Considering the latest timeline set by the Global Forum, the Hong Kong government plans to complete the necessary local legislative amendments by 2026 or earlier, and to start the first automatic exchange of information under the declaration framework with relevant tax jurisdictions from 2028.