UAE signs agreement to adopt Crypto-Asset Reporting Framework, plans to exchange crypto tax information in 2028
Foresight News reported that the Ministry of Finance of the United Arab Emirates has announced the signing of the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF). The UAE's CARF is scheduled to be implemented in 2027, with the first information exchange expected in 2028. This framework establishes an automatic exchange mechanism for tax-related information on crypto-asset activities, ensuring that the UAE maintains global tax transparency principles while providing certainty and clarity for the crypto-asset sector. The public consultation for CARF will begin on September 15, 2025, and will last for eight weeks until November 8, 2025.
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