The Golden Finance reported that the Hong Kong SAR Government has announced in a press release that it has committed to implementing the asset declaration framework (declaration framework) to enhance international tax transparency and combat cross-border tax evasion activities, according to the Organisation for Economic Co-operation and Development (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum). Taking into account the latest timetable set by the Global Forum, the Hong Kong Government has tentatively planned to complete the necessary local legislative amendments by 2026 or earlier, and begin the first automatic exchange of information under the declaration framework with relevant tax jurisdictions from 2028 onwards.
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Hồng Kông cam kết thực hiện khung đăng ký tài sản mã hóa và dự kiến hoàn thành việc sửa đổi pháp luật nội địa cần thiết trước năm 2026
The Golden Finance reported that the Hong Kong SAR Government has announced in a press release that it has committed to implementing the asset declaration framework (declaration framework) to enhance international tax transparency and combat cross-border tax evasion activities, according to the Organisation for Economic Co-operation and Development (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum). Taking into account the latest timetable set by the Global Forum, the Hong Kong Government has tentatively planned to complete the necessary local legislative amendments by 2026 or earlier, and begin the first automatic exchange of information under the declaration framework with relevant tax jurisdictions from 2028 onwards.