UAE signs crypto tax reporting agreement and launches industry consultation

Jinse Finance reported that the Ministry of Finance of the United Arab Emirates signed the Multilateral Competent Authority Agreement on the Crypto-Asset Reporting Framework (CARF) on Sunday, following the announcement of related plans in November 2024. The agreement will be implemented starting in 2027, with the first international tax information exchange expected in 2028. Meanwhile, the Ministry of Finance launched an eight-week public consultation on September 15, inviting all stakeholders in the crypto industry to provide feedback on potential impacts and compliance requirements.