Decision on crypto assets from 48 countries

The statement noted that the broad-based, consistent and timely implementation of the CARF will further improve tax compliance and countries’ ability to prevent tax evasion, and that the necessary legal and coordinated studies to implement the CARF will be conducted by 2027.

“As signatories to the CRS, we will implement these standards in accordance with the relevant schedule and taking into account applicable national legislative procedures,” the statement said. The statement has been included.

In his statement on the decision, OECD Secretary-General Matthias Cormann welcomed the announcement that 48 countries and jurisdictions intend to implement the OECD Global Tax Transparency Framework for reporting and sharing information on cryptocurrency assets by 2027.

Today’s decision is an important step forward, Corman said. Additionally, this step signals another important milestone for the broad-based and coordinated approach to combating tax evasion through greater transparency and information-sharing. Information collected within the OECD “We welcome the broad support for rapid action to make international exchange a reality. The international community can count on the OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes to ensure that the tax transparency architecture remains current and effective going forward.” ” He made his assessment.

The 48 countries and jurisdictions involved are listed as follows: Armenia, Australia, Austria, Barbados, Belgium, Belize, Brazil, Bulgaria, Canada, Chile, Croatia, Greek Cypriot Administration of Southern Cyprus, Czech Republic, Denmark, Estonia, Finland, Cyprus. France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, South Korea, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Netherlands, Norway, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, the United Kingdom, the United States, the possessions of Guernsey, Jersey, the Isle of Man, the United Kingdom and the overseas territories of the Cayman Islands and Gibraltar.