Switzerland Grants Crypto Sector a Reprieve, Delays Global Tax Data Sharing to 2027
Switzerland is pushing its timeline for automatically sharing crypto account information with other nations to 2027, granting the domestic industry more time to prepare. The delay, announced by the Swiss Federal Council on Wednesday, stems from an unresolved decision on which countries will be included in the data-sharing network.
While the global Crypto-Asset Reporting Framework (CARF) will still be formally adopted into Swiss law on January 1, 2026, as originally scheduled, its practical implementation has been postponed for at least one year.
A primary reason for the delay is that the government’s tax committee has paused its deliberations to determine the list of international partners for the CARF data exchange. This uncertainty on “with whom” to share data has effectively put the brakes on the entire process.
The CARF, established by the Organisation for Economic Co-operation and Development (OECD) in 2022, is an international standard designed to help governments crack down on tax evasion facilitated through crypto assets by automating the exchange of account data.
Alongside the delay, the Swiss government outlined amendments to its national tax reporting laws. These changes include transitional provisions intended to ease the compliance burden for Swiss crypto firms gearing up for the future CARF rules.
This new timeline creates ambiguity. As recently as June, the Swiss government had projected that the first automatic exchange of crypto account data would occur in 2027. With this latest announcement, the definitive start date for information sharing is now unclear.
