Switzerland delays crypto tax info sharing until 2027
Switzerland will enshrine a global crypto tax sharing framework into law on Jan. 1, but will delay implementing it until at least 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.
