Tag Comprehensive Guidance for CRS Implementation 

A Comprehensive Guidance for CRS Implementation 

When Hong Kong committed to implementing CRS by 2018, it indicated that a legal framework would be required to guide the entire process of sharing account information for foreigners. In June 2016, this law was put in place, and it outlines the guidance for CRS implementation in Hong Kong. The guidance provided by the IRD under the new law provides a clear outline on how to identify the reportable accounts, information to gather, and how to report it.   Read More