TechFlow, on September 22, according to Cointelegraph, the UAE Ministry of Finance announced it has signed the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF), formally committing to implement the OECD's global digital asset reporting regime.
The framework will establish an automatic exchange mechanism for tax-related information on crypto-asset activities among participating jurisdictions, enhancing international transparency and cooperation in tax compliance. The UAE Ministry of Finance stated the framework will be launched in 2027, with initial information exchanges expected to begin in 2028.
The UAE joins 50 jurisdictions committed to implementing CARF in the coming years, including New Zealand, Australia, and the Netherlands. Earlier, South Korea also finalized its implementation of the CARF agreement.
