A total of 48 countries and territories promote the new cryptoasset information exchange standard by 2027
A total of 48 countries and jurisdictions around the world, including Spain, have committed to working towards the application of the new international standard for automatic exchange of information between competent tax authorities on cryptoassets by 2027.
This new standard is known as the Crypto Asset Information Communication Framework (CARF) and the modification of the Common Information Communication Standard (CRS), as approved by the OECD .
The CARF , which provides for the automatic exchange of tax information on transactions in cryptoassets in a standardized manner, has been designed to guarantee tax transparency in the world in the face of the rapid development and growth of the crypto market. cryptoassets.
The exchange of information is a key tool in the prevention and fight against fraud and tax evasion, based on the efficient obtaining and exploitation of information with tax significance.
Through this declaration, the signatory jurisdictions of the Common Information Communication Standard ( CRS ) also commit to implement the modifications to the CRS agreed by the OECD in accordance with the schedule planned for the implementation of the CARF .
List
The 48 countries and jurisdictions that have committed to signing the joint declaration on cryptoassets are the following: Germany Armenia, Australia, Austria, Barbados, Belgium, Belize, Brazil, Bulgaria, Canada, Chile, Cyprus, Korea, Croatia, Denmark, Slovakia, Slovenia, Spain, United States of America, Estonia, Finland, France, Greece, Hungary, Ireland, Iceland, Italy, Japan, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Norway, Netherlands, Portugal, Romania, United Kingdom, Czech Republic, Singapore, South Africa, Sweden, Switzerland; United Kingdom Crown Dependencies of Guernsey, Isle of Man and Jersey; and the United Kingdom Overseas Territories of the Cayman Islands and Gibraltar.
Links to the joint declaration for the rapid implementation of CARF (in Spanish and English):
Joint commitment to CARF implementation: Spanish version. November 2023