Switzerland postpones the implementation of cryptocurrency tax information sharing until 2027

According to Cointelegraph, the Swiss Federal Council and the State Secretariat for International Financial Affairs announced on Wednesday that the implementation date for the rules on automatic exchange of cryptocurrency account information with foreign tax authorities will be postponed until 2027.

The Crypto Asset Reporting Framework (CARF) rules will still be written into law as originally planned on January 1, 2026, but the implementation will be delayed by at least one year. The Swiss government stated that the reason for the delay is that the tax committee has suspended the review of partner countries with which Switzerland intends to exchange data under CARF. CARF is a global framework approved by the Organisation for Economic Co-operation and Development (OECD) in 2022, aimed at curbing tax evasion through cryptocurrency platforms by sharing cryptocurrency account data. Currently, 75 countries, including Switzerland, have signed the framework, with plans for implementation in the next 2 to 4 years.