Hong Kong plans to implement a new regime that would make it mandatory for individuals and business to report their crypto assets for taxation purposes. The announcement was made on December 13, during the meeting of the Organization for Economic Co-operation and Development (OECD) Global Forum on Transparency and Effective Exchange of Information in Tax […]
OECD
Crypto Triumph: 47 Countries to Adopt New Reporting Framework
In a significant step towards enhancing global tax transparency and combating tax evasion, 47 countries have committed to implementing the Crypto-Asset Reporting Framework (CARF). The CARF is a new international standard for the automatic exchange of information between tax authorities on crypto-assets. It was developed by the Organisation for Economic Co-operation and Development (OECD) and […]