Switzerland Delays Crypto Tax Sharing Rule Until 2027

Switzerland has delayed implementing rules that would automatically exchange crypto account information with overseas tax agencies until 2027 and is still deciding which countries it will share data with.

Crypto-Asset Reporting Framework (CARF) rules will still be enshrined into law on Jan. 1, as originally planned, but will not be implemented until at least a year later, the Swiss Federal Council and State Secretariat for International Finance said on Wednesday.

It added 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,” as the reason for the delay.

The Organisation for Economic Co-operation and Development (OECD) approved CARF in 2022 as part of a global push to share crypto account data with partnered governments in a bid 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 had moved forward with a bill to adopt the CARF rules in January 2026, and said at the time that the first exchange of crypto account data would happen in 2027, but it’s now unclear when it plans to exchange information.

75 nations signed up to CARF

OECD documents show 75 countries, including Switzerland, that have signed on to enact CARF over the next two to four years.  

Meanwhile, it has highlighted Argentina, El Salvador, Vietnam and India as countries that have yet to sign on. 

Related: What happens if you don’t pay taxes on your crypto holdings?

Earlier this month, Reuters reported that the Brazilian government was weighing up a tax on international crypto transfers as part of push to align domestic rules with CARF standards.

Meanwhile, the US White House also recently reviewed the Internal Revenue Service’s proposal to join CARF as part of a push to enact more stringent capital gains tax reporting rules for American taxpayers using foreign exchanges.  

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