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Friday Nov 28 2025 03:30
2 min
The Swiss government has announced a delay in the implementation of rules designed to automatically exchange crypto account information with overseas tax authorities, pushing the start date to 2027. This decision comes as Switzerland carefully considers the countries with which it will share this sensitive data.
Despite the delay, the Crypto-Asset Reporting Framework (CARF) rules will still be enshrined into Swiss law on January 1, 2026, as originally planned. However, these rules will not be implemented until at least a year later, according to a statement from the Swiss Federal Council and the State Secretariat for International Finance.
The statement noted that the Swiss government’s tax committee “suspended deliberations on the partner states with which Switzerland intends to exchange data in accordance with the CARF,” explaining the reason for the postponement.
The Organisation for Economic Co-operation and Development (OECD) approved CARF in 2022 as part of a global initiative to share crypto account data with partnered governments in an effort to curb tax evasion via crypto platforms.
The Swiss government's announcement also highlighted a series of amendments to local crypto tax reporting laws, and transitional provisions “aimed at making it easier” for domestic crypto firms to comply with CARF rules.
In June, the Swiss Federal Council moved forward with a bill to adopt the CARF rules in January 2026, stating at the time that the first exchange of crypto account data would occur in 2027. However, the current timeline for information exchange remains unclear.
OECD documents indicate that 75 countries, including Switzerland, have signed on to enact CARF over the next two to four years. Meanwhile, Argentina, El Salvador, Vietnam, and India have been identified as countries that have yet to sign on.
Earlier this month, Reuters reported that the Brazilian government was considering a tax on international crypto transfers as part of a push to align domestic rules with CARF standards.
Concurrently, the US White House recently reviewed the Internal Revenue Service’s proposal to join CARF as part of a broader effort to enact more stringent capital gains tax reporting rules for American taxpayers using foreign exchanges.
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