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Switzerland will delay the automatic exchange of crypto tax data with foreign authorities until at least 2027, despite implementing the legal framework for such reporting from January 2026, the Federal Council announced Wednesday.
The Swiss government approved changes to the ordinance governing international tax information exchange, incorporating the OECD’s Crypto-Asset Reporting Framework (CARF) into domestic law. While the legal requirements take effect at the start of 2026, actual data sharing will remain suspended until Switzerland finalizes agreements with partner jurisdictions.
The delay stems from a November 3 decision by the Economic Affairs and Taxation Committee of the National Council to suspend work on the list of partner states with which Switzerland intends to exchange crypto tax data under CARF.
Parliament approved the broader legislation during its autumn 2025 session, extending Switzerland’s participation in global tax data sharing to include digital assets. The changes will take effect as scheduled if no referendum is called to block them.
Under the revised ordinance, crypto service providers with sufficient links to Switzerland will face three core obligations starting January 2026: registration with authorities, reporting of relevant client data, and customer due diligence checks.
The rules define when a crypto business has sufficient connection to Switzerland to fall under the reporting regime. The ordinance also expands coverage to include certain associations and foundations while exempting entities that meet specific criteria. Transition measures give firms time to adapt to the new requirements.
Switzerland had originally planned to begin exchanging crypto tax data with 74 jurisdictions that both comply with CARF standards and demonstrate reciprocal interest. The group includes all EU member states, the UK, and most G20 countries such as Japan, Australia and Canada.
Notable absences from the current partnership list include the United States, China and Saudi Arabia, which either have not aligned with CARF or lack the necessary bilateral agreements.
The postponement highlights challenges in coordinating crypto tax transparency across major economies, even as the legal infrastructure for such reporting takes shape.
Switzerland spent 2024 preparing to integrate cryptocurrency into its international tax transparency framework. The Federal Council launched a consultation on legislation enabling crypto tax data sharing with 111 jurisdictions already participating in automatic information exchange, contingent on their CARF compliance.
While the reporting framework will be written into Swiss law from January 2026, it will remain dormant until the government resolves the partner state question and is ready to begin actual exchanges with foreign tax authorities.
The earliest Switzerland could now begin sharing crypto tax data with partner countries is 2027, assuming political roadblocks are cleared and sufficient international agreements are finalized.
