KPMG report: New XML schemas for cryptoasset reporting framework (CARF) and CRS amendments
Interaction with IRS Draft Form 1099-DA, Digital Asset Proceeds from Broker Transactions
The Organisation for Economic Co-operation and Development (OECD) published new cryptoasset reporting framework (CARF) and amended the common reporting standard (CRS) XML schemas (accompanied by user guides) that will support the transmission of information between tax authorities pursuant to each regime. Read TaxNewsFlash
Read an October 2024 report prepared by KPMG LLP that reviews these new schemas in conjunction with the IRS Draft Form 1099-DA, Digital Asset Proceeds from Broker Transactions.