The United Arab Emirates will join over 50 other countries in automatically exchanging tax-related information on crypto-asset activities.
The country’s Ministry of Finance announced Saturday it signed a Multilateral Competent Authority Agreement for the Crypto-Asset Reporting Framework.
- It also invited taxpayers to participate in a public consultation on potential impacts of the framework and areas requiring further clarification. That consultation opened Sept. 15, and comments are due Nov. 8.
- CARF will go into effect in 2027, the release said, and the first exchanges of information are expected in 2028. The government said it planned to implement the framework ...