What is CARF?
Updated
To address the risk of tax evasion and ensure transparency in tax reporting of crypto transactions, the Organisation for Economic Co-operation and Development, together with G20 countries, developed the Crypto-Asset Reporting Framework (CARF). It is a “dedicated global tax transparency framework which provides for the automatic exchange of tax information on transactions in crypto-assets in a standardised manner with the jurisdictions of residence of taxpayers on an annual basis.”
