Global Daily Tax News, UAE To Implement CARF In 2027, (Sep 26, 2025)
The United Arab Emirates' Finance Ministry has confirmed the signing of the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF).
The Ministry said CARF will be implemented in 2027, with the first exchanges of information to take place in 2028.
The CARF provides for the automatic exchange of tax-relevant information on crypto-assets and was developed to address the rapid growth of the crypto-asset market. It will expand the scope of the Common Reporting Standard (CRS) – the international standard providing for the automatic exchange of information in tax matters – to certain electronic money products and central bank digital currencies.
Changes have also been made to ensure that indirect investments in crypto-assets through derivatives and investment vehicles are now covered by the Common Reporting Standard.
The Ministry has launched an eight-week public consultation on implementation of the rules, with feedback being sought by November 8, 2025.