UAE joins global crypto reporting framework to improve tax transparency.
CARF phased implementation gives businesses time to adapt requirements.
Ministry invites crypto stakeholders to share views in public consultation.
UAE Signs Global Crypto Tax Reporting Agreement 2025: Key Details on Compliance
The UAE is making efforts to enhance openness and reporting in the nation's crypto industry by joining the Crypto-Asset Reporting Framework
Summary
Advertisement
The UAE Ministry of Finance has signed the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF), which marks a significant step toward enhancing transparency in the country's crypto sector.
The Crypto-Asset Reporting Framework is a global initiative that is led by the Organisation for Economic Co-operation and Development (OECD). It enables the automatic exchange of tax-related information on cryptocurrencies and digital assets.
According to UAE Ministry, CARF implementation in the UAE is scheduled to go live in 2027, with the first automatic exchange of information expected in 2028. The framework will establish a structured mechanism for the reporting and sharing of tax-related information on crypto-asset activities by ensuring the country complies with international norms on tax transparency.
While cryptocurrencies have been legal in the UAE, the introduction of CARF represents a move toward global compliance and regulatory oversight. By adopting the framework, the UAE ensures that cross-border crypto holdings and transactions are systematically reported, fostering trust and accountability in the sector.
Advertisement
The Ministry asks for suggestions for the new framework from all parties with an interest in the cryptocurrency space, including consultants, traders, exchange platforms, custodians, and other stakeholders. The public consultation opened on 15 September 2025 and will run until 8 November 2025 that allows the Ministry to develop clear and practical rules that work well for the market.
With the initial exchange of information anticipated in 2028, this allows investors and companies time to comprehend and understand the new responsibilities.
Cryptocurrencies are legal and regulated in the UAE, especially after the establishment of the Virtual Assets Regulatory Authority (VARA) in March 2022 which governs digital asset operations in Dubai. In order to create a safe, reliable and sustainable crypto environment, the UAE plans to encourage innovation in the digital asset sectors while following international standards.
Show comments
Published At: