The United Arab Emirates Ministry of Finance has signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF), marking a step toward aligning with global tax transparency standards.

Implementation is scheduled to begin in 2027, with the first exchanges of information expected in 2028. The framework, developed by the Organisation for Economic Co-operation and Development (OECD), establishes a system for automatic sharing of tax-related data on crypto-asset transactions across jurisdictions.

In a statement, the ministry said the adoption of CARF would provide clarity and certainty to participants in…

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