In a joint declaration, around 50 countries, including Switzerland, have committed to the extended international automatic exchange of information in tax matters (AEOI). The extension concerns crypto assets and is to apply from January 1, 2026. The Federal Department of Finance (FDF) will prepare a consultation draft for the implementation of the extended AEOI by the end of June 2024.

On June 8, 2023, the OECD Council of Ministers adopted the revised recommendation on the standards for AEOI. The changes include the revision of the Common Reporting Standard (CRS) and the addition of the new rules for the automatic exchange of information on crypto-assets (Crypto-Asset Reporting Framework, CARF). While the amendment to the CRS clarifies questions of interpretation and takes account of practical experience, the CARF regulates the handling of crypto assets and their providers.

The CARF is intended to close gaps in the tax transparency regime and ensure that providers of crypto assets are treated equally to the traditional financial sector.

The press release and other documents are available here.