Switzerland has postponed the implementation of the global automatic exchange of encrypted tax information until 2027.

Odaily reports that the Swiss Federal Council and the Secretariat for International Financial Affairs have announced that the global cryptocurrency tax information sharing mechanism (CARF), originally scheduled to launch in 2026, will be postponed to 2027. While the relevant laws will still take effect as planned on January 1, 2026, Switzerland has not yet identified the first batch of partner countries for data exchange, which is considered a major reason for the delay.

Launched by the OECD in 2022, CARF aims to promote the automatic exchange of encrypted account information among countries to curb cross-border tax evasion using crypto assets. Currently, 75 countries, including Switzerland, have committed to implementing CARF within the next two to four years, while Argentina, El Salvador, Vietnam, India, and other countries have not yet joined the framework.