OECD: Cryptoasset reporting framework (CARF) updates and CRS amendments
Revisions to the cryptoasset reporting framework (CARF) and amendments to the common reporting standard (CRS)
Revisions to the cryptoasset reporting framework (CARF) and CRS
The Organisation for Economic Co-operation and Development (OECD) in June 2023 issued a document entitled the International Standards for Automatic Exchange of Information in Tax Matters: Crypto-Asset Reporting Framework and 2023 Update to the Common Reporting Standard (the Standard).
The Standard contains revisions to the cryptoasset reporting framework (CARF) and amendments to the common reporting standard (CRS).
Read an August 2023 report [PDF 220 KB] prepared by KPMG LLP that discusses the following CARF topics:
- Background
- Multilateral competent authority agreement (MCAA) for CARF
- Effective implementation
- Addendum to the CRS MCAA
- KPMG reminders and observations
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