UAE signs Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework – Ministry of Finance
The Ministry of Finance has signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF), following its announcement last November of its intention to implement the framework.
CARF implementation in the UAE is scheduled to go-live in 2027, with the first exchanges of information expected in 2028.
The framework establishes a mechanism for the automatic exchange of tax-related information on crypto-asset activities, ensuring that the UAE provides certainty and clarity to the crypto-asset sector while upholding the principles of global tax transparency
The Ministry of Finance invites all stakeholders,…
