The Swiss Federal Council plans to implement a reporting framework for crypto assets to enhance tax transparency

ChainCatcher news, the Swiss Federal Council (composed of seven members, jointly leading the Swiss government) intends to implement the Crypto Asset Reporting Framework (CARF) to enhance tax transparency.

On May 15, the Federal Council released a consultation document to gauge public opinion on joining the Automatic Exchange of Information (AEOI) for international tax authorities to combat tax evasion. Currently, Switzerland is set to join AEOI on January 1, 2026. It is reported that the OECD established AEOI and other initiatives for the G20 countries, which were later expanded to include other nations.

Switzerland previously adopted the OECD's Common Reporting Standard (CRS) in 2014, but did not include the CARF regulating crypto assets and their service providers.