- Switzerland will delay the implementation of the Crypto-Asset Reporting Framework (CARF) data exchanges until 2027.
- The CARF rules will become law in Switzerland on January 1, 2026, but their practical application is postponed.
- Decisions about which countries will receive Switzerland’s crypto data remain unsettled.
- Seventy-five countries have committed to enacting CARF within the next few years.
Switzerland has postponed the start of automatic crypto account data sharing with foreign tax agencies to 2027 or later. While the Crypto-Asset Reporting Framework (CARF) regulations will be legally effective from January 1, 2026, the actual exchange of information is delayed. This step aims to give more time to decide which partner countries will receive Swiss crypto data, as explained by the Swiss Federal Council and State Secretariat for International Finance in a formal announcement (link).
The Swiss government’s tax committee has halted discussions on partner states eligible for data exchange under CARF. The framework, approved by the Organisation for Economic Co-operation and Development (OECD) in 2022, is designed to enhance global cooperation and reduce tax evasion through cryptocurrency transactions. CARF requires crypto firms to report account information to tax authorities, facilitating international transparency.
Switzerland also introduced local amendments to crypto tax reporting and transitional provisions aiming to ease compliance for domestic crypto companies. Initially, the Swiss Federal Council had planned for the CARF rules to take effect in 2026, with data exchange starting in 2027, but the timeline is now uncertain.
As per OECD documentation (link), 75 countries, including Switzerland, have signed agreements to implement CARF over the next two to four years. Notable countries that have not yet joined include Argentina, El salvador, Vietnam, and India.
Recent related developments include Brazil’s government considering a tax on international crypto transfers to align with CARF. In the United States, the White House recently evaluated the Internal Revenue Service’s proposal to join CARF to improve capital gains tax reporting for taxpayers using foreign cryptocurrency exchanges.
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