Finland: Proposed implementation of DAC8, CARF, and CRS 2.0
The first international exchange of information under these frameworks is scheduled for September 2027.
The Finnish Tax Administration on November 19, 2025, held an information session on the government’s proposal to incorporate EU DAC8, the OECD’s cryptoasset reporting framework (CARF), and the amendments introduced by the OECD in the common reporting standard (CRS 2.0) into Finland’s domestic legislation.
The proposal is expected to be approved by parliament by December 31, 2025. If approved, these frameworks would become effective on January 1, 2026, with the first annual reports due by January 31, 2027. The first international exchange of information under these frameworks is scheduled for September 2027.
Key details include the following:
- Due diligence and self-certification requirements
- Reporting requirements
- Dual reporting under CARF and CRS
- Reporting process under CARF/DAC8
Additionally, the government’s proposal introduces the Annual Report on Disposals and Incomes of Cryptoassets (FICARF), which establishes broader reporting obligations for reporting cryptoasset service providers (CASPs).
Read a December 2025 report prepared by the KPMG member firm in Finland