UAE to adopt OECD’s crypto tax reporting framework in 2027

UAE signs OECD crypto reporting framework: The UAE plans to adopt OECD’s crypto-asset reporting framework, which requires crypto exchanges and brokers to report customer transactions, in 2027, state news agency Wam reports. The framework will also require governments to share this data with each other in a system akin to the OECD’s common reporting standards for bank accounts.

Next steps: A public consultation opened on 15 September and will run until 8 November, seeking feedback from exchanges, custodians, traders, and other crypto-sector stakeholders. The UAE will implement CARF in 2027, with the first information exchanges scheduled for 2028.