Switzerland has pushed back the rollout of rules that would require automatic sharing of crypto account information with foreign tax agencies, delaying full implementation until 2027.
The decision was announced on Wednesday by the Swiss Federal Council and the State Secretariat for International Finance. It said the country is still deciding which partner nations will receive the information.
The legal framework for the Crypto-Asset Reporting Framework (CARF) will still come into force on Jan. 1 as planned. However, the mechanisms needed to put the system into practice will not begin until at least the following year. Officials said the delay stems from the tax committee’s decision to halt discussions on the countries Switzerland intends to engage with under CARF rules.
CARF was approved by the Organisation for Economic Co-operation and Development (OECD) in 2022 as part of a coordinated effort to help governments track crypto assets held abroad and reduce tax avoidance through offshore platforms.
Switzerland Government Introduces Local Adjustments
Swiss authorities have also announced a set of changes to domestic reporting rules. These changes include transitional measures designed to help local businesses prepare for the new standards. Regulators said the adjustments aim to give companies more time to modify internal systems before the full reporting process begins.
Earlier this year, the Swiss Federal Council had moved forward with a plan to adopt CARF rules in January 2026, with the first data exchanges scheduled for 2027. With the new delay, the timeline is now uncertain. The government did not provide a revised target date for when information-sharing with other jurisdictions would begin.
CARF Adoption Progress Varies Worldwide
OECD records indicate that 75 countries, including Switzerland, have agreed to adopt CARF within the next two to four years. A number of nations, however, have not yet joined. Argentina, El Salvador, Vietnam and India were noted by the OECD as countries still outside the agreement.
The global rollout of CARF has prompted several governments to revisit their own rules. Earlier this month, Reuters reported that Brazil is considering a tax on cross-border crypto transfers to align its regulations with CARF expectations.
In the United States, the White House recently examined the Internal Revenue Service’s proposal related to CARF participation. The review forms part of a broader move to tighten reporting requirements on capital gains generated by American users of foreign exchanges.