UAE Signs Global Crypto Tax Data-Sharing Deal, Implementation

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UAE joins 50+ countries in CARF to enhance crypto tax transparency.
Framework implementation begins in 2027, first exchanges in 2028.
Public consultation ensures industry feedback shapes reporting rules.

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The United Arab Emirates (UAE) is taking a major step toward global digital asset compliance by signing the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF). The UAE’s Ministry of Finance (MOF) confirmed the move on Saturday, signaling its commitment to the Organisation for Economic Co-operation and Development’s (OECD) international standards for crypto tax reporting.

CARF and the UAE: What It Means

CARF is designed to facilitate the automatic exchange of tax-related information on crypto activities between participating countries. By joining the framework, the UAE aims to boost transparency, strengthen international cooperation, and ensure crypto users comply with tax obligations. The framework is scheduled for implementation in 2027, with the first data exchanges expected in 2028.

Industry Feedback Through Public Consultation

To prepare for CARF, the UAE launched a public consultation inviting input from exchanges, custodians, traders, and advisory firms. Opened on September 15 and running through November 8, the consultation seeks to address industry concerns and optimize reporting procedures. This approach demonstrates the UAE’s efforts to balance regulatory compliance with the practical needs of its growing crypto sector.

Also Read: Solmate Raises $300M to Build Solana Treasury in UAE

Global Momentum and International Context

The UAE joins over 50 jurisdictions committed to CARF, including New Zealand, Australia, the Netherlands, and Switzerland, which recently passed legislation to share crypto tax data with 74 partner countries. South Korea also finalized its participation, pairing CARF adoption with local enforcement actions targeting tax-delinquent crypto holders. These moves indicate a broader international push toward coordinated crypto tax oversight.

With CARF set to go live in the UAE in 2027, investors and crypto businesses will need to adapt to new reporting requirements. The UAE’s proactive consultation process and alignment with OECD standards position it as a forward-looking hub for compliant digital asset activity.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.