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SushiBackrunner

CBDC is also included, with digital yuan and crypto assets competing in the same arena, interesting.

View Original
MarsBitNews
Taxation on overseas income in China tightens, Tax Sky Eye CRS 2.0 accelerates global implementation
Global Tax Eyes CRS 2.0 Accelerates Implementation, Including Crypto Assets, CBDC, and More in Reporting Scope. Hong Kong Plans to Implement and Promote CARF by 2028, Future Crypto Platforms/Brokers/ATMs Must Report BTC/ETH/USDT, with Market Value, Holdings, and Transaction Counts Calculated by Transaction Dimension; Retail Transactions Over $50k Must Be Reported Individually. Mainland China Has No Clear Timeline Yet, But Starting from 2025, Multiple Regions Will Notify for Self-Inspection and Reporting of Offshore Income for 2022-2024. CRS 2.0 Will Expose Offshore Holdings and May Trigger Regulatory Coordination.
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