Switzerland Postpones Crypto Tax Data Exchange to Earliest 2027

TLDR

• Switzerland will not begin automatic crypto tax data exchanges before the year 2027.
• The legal framework for crypto reporting will come into effect from January 1, 2026.
• The Federal Council approved changes to the ordinance on international tax data exchange.
• Parliament supported aligning Swiss laws with the OECD’s global reporting standards.
• The Crypto-Asset Reporting Framework will be written into Swiss law but will remain inactive.

Switzerland will not begin automatic crypto tax data exchanges until 2027. The legal framework will start in January 2026. However, political decisions have delayed implementation of the Crypto-Asset Reporting Framework (CARF) beyond the original timeline.

CARF Legal Framework Begins in 2026

The Swiss Federal Council approved amendments to the ordinance on international tax information exchange. The changes will apply from January 1, 2026. These updates include rules for crypto asset reporting.

Switzerland’s parliament supported the updated framework during its 2025 autumn session. The package aligns Swiss laws with OECD tax transparency standards. It also introduces the CARF into national law.

The CARF outlines how crypto service providers should report client information. It defines when reporting obligations apply. But exchanges will not start before 2027.

Crypto Reporting Rules Remain on Hold

On November 3, 2025, the Economic Affairs and Taxation Committee suspended discussions on the partner list. This decision paused Switzerland’s progress on crypto tax data exchanges. As a result, data sharing under CARF remains inactive.

The reporting rules will exist in law starting 2026. However, they will not be enforced until Switzerland resumes cooperation planning. Only when ready will the country activate the exchange system.

“Crypto reporting rules will sit on the books but remain inactive,” a statement from the meeting confirmed. The earliest exchange date is now 2027. No immediate steps will follow the ordinance’s entry into force.

Crypto Service Providers Face New Obligations

Crypto firms in Switzerland must register and comply with due diligence requirements. These include client checks if the firm has a sufficient link to Switzerland. The ordinance outlines what constitutes that link.

The revised rules require service providers to report relevant customer information. They must also document transactions and verify identities. These measures match OECD transparency standards.

Associations and foundations are also affected by the updated rules. Some exemptions apply based on specific conditions. Transition measures aim to help firms adjust.

Switzerland Freezes CARF Exchange Timeline

Switzerland planned to exchange data with 74 jurisdictions under CARF. This group includes EU states, the UK, Japan, and Canada. However, it excludes the US, China, and Saudi Arabia.

These countries either lack agreements or do not align with CARF standards. Switzerland will only exchange data with reciprocal partners. The list remains on hold due to the committee’s decision.

The Federal Council previously held consultations on crypto tax sharing. The process involved 111 jurisdictions already part of tax information exchange. Only compliant states will become Swiss partners.

Switzerland expects future crypto exchanges only with jurisdictions meeting OECD rules. But no timeline has been confirmed. The earliest possibility is now 2027.

Switzerland continues preparing to implement CARF legally in 2026. However, technical exchanges will not begin until a later date. No further political decisions have been scheduled.

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