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Hong Kong AEOI Updates – Crypto-Asset Reporting Framework (CARF) and Common Reporting Standard (CRS)
On 9 December 2025, the Financial Services and the Treasury Bureau (FSTB) and the Inland Revenue Department (IRD) jointly issued the consultation paper (the Consultation Paper) to seek views in respect of the implementation of the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF) and Amendments in relation to Common Reporting Standard (CRS) in Hong Kong.
It is important for Hong Kong to timely implement CARF and the amended CRS given the two collectively represent the prevailing international standards of automatic exchange of information in tax matters (AEOI).
In addition, to respond to the comments raised by the OECD, the Consultation Paper also seeks views on the proposed measures for strengthening the administrative framework of the existing CRS which has been adopted in Hong Kong since 2017.
In this AEOI Updates, we shall highlight the key features and implementation timeframe of the above new AEOI rules proposed.