Switzerland Delays Crypto Tax Data Sharing Until at Least 2027
Switzerland will delay the automatic exchange of crypto account information with foreign tax authorities under the Crypto-Asset Reporting Framework (CARF) until at least 2027, while proceeding to enshrine the rules into law on Jan. 1, 2026, the Swiss Federal Council and the State Secretariat for International Finance said on Wednesday.
The government’s tax committee has suspended deliberations on which partner jurisdictions will receive data under CARF, a step cited as the reason for postponing the framework’s implementation.
CARF, approved by the Organisation for Economic Co-operation and Development (OECD) in 2022, is designed to facilitate the cross-border sharing of crypto account data among participating governments to combat tax evasion involving digital asset platforms.
The Swiss announcement also detailed amendments to domestic crypto tax reporting rules and transitional provisions intended to help local firms align with CARF requirements.
In June, the Swiss Federal Council advanced legislation to adopt CARF in January 2026 and indicated that the first exchange of data would occur in 2027; the timing of the initial exchange is now unspecified.
75 countries commit to CARF rollout
OECD documents list 75 countries, including Switzerland, that plan to implement CARF over the next two to four years. The OECD also notes that Argentina, El Salvador, Vietnam and India have not yet committed to the framework.
Earlier this month, Reuters reported that Brazil is considering a tax on international crypto transfers as part of efforts to align its domestic rules with CARF standards.
The White House also recently reviewed an Internal Revenue Service proposal to join CARF as part of broader measures to strengthen capital gains reporting for U.S. taxpayers using foreign exchanges.
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