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UAE to Begin Sharing Crypto Tax Data Under Crypto Asset Reporting Framework in 2028

UAE to Begin Sharing Crypto Tax Data Under Crypto Asset Reporting Framework in 2028

UAE signs agreement to automatically share cryptocurrency tax data with global jurisdictions, starting in 2028.

Written by Rahul Dhingra, Edited by David Delima | Updated: 23 September 2025 16:07 IST

UAE to Begin Sharing Crypto Tax Data Under Crypto Asset Reporting Framework in 2028

Photo Credit: Unsplash/Aldo Loya

UAE Ministry of Finance to implement CARF for crypto tax transparency.

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Highlights

UAE joins 65 countries under the CARF framework
Data sharing to start in 2028 for crypto activities
Public consultation open until November 8, 2025

The UAE on Monday signed the Multilateral Competent Authority Agreement (MCAA) to enable the automatic exchange of cryptocurrency tax information with other jurisdictions. The agreement forms part of the global Crypto-Asset Reporting Framework (CARF) initiated by the Organisation for Economic Cooperation and Development (OECD). The new system will encourage international promotion, tax compliance, transparency, and alignment with global standards. The UAE's Ministry of Finance plans to implement this framework in 2027 and begin sharing data by 2028, covering exchanges, custodians, and investors.

CARF Adoption to Help the UAE Strengthen Global Crypto Compliance

By establishing an official framework, CARF enables jurisdictions to automatically share tax-related data on crypto asset activities, including Bitcoin, Ethereum, and other digital assets.
UAE becomes the 65th country to adopt this framework. The UAE aims to enhance transparency, prevent tax evasion, and ensure that both domestic and international investors adhere to reporting obligations. This is a key step for the country to strengthen its position as a responsible player in the global digital asset ecosystem.

The UAE Ministry of Finance has initiated a public consultation, running from September 15 to November 8, as part of the process to prepare for implementation. Crypto exchanges, custodians, traders, and advisory firms are invited to provide feedback, which will help to ensure that the regulations are practical and effective. The final set of rules is expected in 2026, giving concerned businesses and investors ample time to upgrade their systems and align with reporting requirements.

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Under the CARF framework, crypto service providers will be required to collect detailed transaction information, including account balances, customer identification, and residency status. For investors, this means stringent reporting requirements as well as a more transparent legal framework for managing crypto holdings. Investors can comply more efficiently, reduce their risk of penalties, and make sure that tax liabilities are reported properly by maintaining precise records and using approved platforms.

Switzerland, Australia, New Zealand, and South Korea have already integrated automatic crypto tax reporting, similar to the UAE's adoption of CARF. UAE positions itself as a leader in blockchain regulation and seeks to balance innovation with transparency, making its digital sector both secure and investor-friendly. The introduction of CARF represents a major milestone in international cooperation on cryptocurrency taxation, signalling a new era of accountability and collaboration across borders.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Further reading: Crypto, UAE, crypto tax news

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More