OECD: Cryptoasset reporting framework (CARF) as international standard, revised CRS
Council reaffirmed that they would continue with their collaboration to reform international tax system
Cryptoasset reporting framework as international standard, revised CRS
The Organisation for Economic Cooperation and Development (OECD) on 7-8 June 2023 conducted its annual ministerial council meeting (MCM).
In a joint statement, the Council welcomed the newly introduced cryptoasset reporting framework (CARF) as an international standard, as well as the revised common reporting standard (CRS). The Council urged the OECD to collaborate with interested jurisdictions and relevant stakeholders to explore further areas of improvements in tax transparency.
In addition, the Council reaffirmed that they would continue with their collaboration to reform the international tax system, specifically through the implementation of the two-pillar solution proposed by the OECD/G20 Inclusive Framework.
Read a June 2023 report [PDF 456 KB] prepared by KPMG LLP
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