Switzerland will formally adopt a global crypto tax reporting framework on January 1, but the country will delay its actual implementation until at least 2027.
The government said it will postpone the automatic exchange of crypto account information with foreign tax authorities while it continues evaluating which partner countries it intends to share data with.
According to an announcement from the Swiss Federal Council and the State Secretariat for International Finance, the Crypto-Asset Reporting Framework (CARF) will still be written into law as planned in January. However, the rules will not be enforced until at least a year later.
Officials explained that Switzerland’s tax committee has “suspended deliberations on the partner states” eligible for CARF data exchanges, which is the main reason for the delay.
CARF was approved in 2022 by the Organisation for Economic Co-operation and Development (OECD) as part of a global effort to combat tax evasion by enabling governments to automatically share crypto account data.
The Swiss statement also outlined several amendments to domestic tax reporting laws and transitional measures designed to help local crypto businesses prepare for CARF compliance.
Earlier this year, the Federal Council backed a bill that would adopt CARF rules by January 2026, with the first data exchange scheduled for 2027. The new delay leaves the timeline unclear.
75 Countries Signed On to CARF
OECD documents show that 75 nations, including Switzerland, have committed to adopting CARF over the next two to four years. Countries such as Argentina, El Salvador, Vietnam, and India have not yet signed on.
Elsewhere, Brazil is reportedly considering a tax on international crypto transfers to align with CARF standards, according to Reuters.
The U.S. White House has also reviewed an IRS proposal to join CARF as part of plans to strengthen capital gains tax reporting for American taxpayers using foreign crypto exchanges.
