The Swiss Federal Council and the State Secretariat for International Financial Affairs announced on Wednesday that the implementation of rules for the automatic exchange of cryptocurrency account info with overseas tax authorities will be postponed until 2027.
The Crypto Asset Reporting Framework (CARF) rules will still be written into law on January 1, 2026, as originally planned, but implementation will be delayed by at least a year. The Swiss government said the delay was due to the tax committee "suspending its consideration of the partner countries where Switzerland intends to exchange data under the CARF."
CARF is a global framework approved by the Organisation for Economic Co-operation and Development (OECD) in 2022 to curb tax evasion through crypto platforms by sharing cryptocurrency account data. 75 countries, including Switzerland, have signed up to the framework and plan to implement it in the next two to four years.
Switzerland delays implementation of cryptocurrency tax information sharing until 2027
2025-11-28 03:33:53
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