OECD Report Provides Guidance on Crypto-Asset Reporting

The OECD has published guidance for tax administrations on exchanging information on crypto assets.

The document, dated Oct. 2, features a user guide for the XML schema used in the automatic exchange of information under the Crypto-Asset Reporting Framework, or CARF.

Adopted by the OECD in 2023, the framework provides standards for how tax authorities regulate and share information on crypto assets while still giving nations the freedom to set their own rules.

• The schema was primarily designed for CARF information exchanges between tax administration, but can also be used for domestic information reporting by crypto-asset service providers, “to ...