ISTANBUL: A coalition of 48 countries are planning to adopt a crypto-asset reporting framework, known as CARF, by 2027, the Organisation for Economic Cooperation and Development (OECD) said Friday.“The CARF, developed in light of the rapid growth of the Crypto-Asset market and pursuant to a mandate from the G20, provides for the reporting of tax information on transactions in Crypto-Assets in a standardised manner, with a view to automatically exchanging such information with the jurisdictions of residence of taxpayers on an annual basis,“ Anadolu Agency quoted OECD as saying in a report.The framework includes the scope of crypto-assets to be covered, entities and individuals subject to data
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