Swiss Government Delays Crypto Tax Data Sharing Plans to 2027

• Switzerland delays automatic crypto tax data sharing to 2027 while reassessing partners.
• Regulators pause talks on which countries meet CARF confidentiality rules for exchanges.
• The updated timeline leaves crypto firms awaiting guidance as Switzerland reviews security.

Switzerland will delay automatic sharing of crypto tax information with foreign governments until 2027, as officials reassess their approach. The government confirmed the pause while it reviews which partner countries qualify for data exchange. The decision marks a significant shift from earlier plans scheduled for 2026.

Switzerland Slows Its Timeline

The Swiss Federal Council explained the delay in a statement released on Wednesday. Officials said the country will still write Crypto-Asset Reporting Framework (CARF) rules into law next year. However, Switzerland will only start applying the rules at least one year later. The government said this pause gives regulators more time to study partner states. It noted that its tax committee suspended discussions on which countries can receive data.

The Organisation for Economic Co-operation and Development (OECD) created the reporting framework in 2022. The group designed it to help nations curb tax evasion through crypto platforms. Switzerland joined the plan early and voiced its support for coordinated rules. Yet the latest move shows the government needs more time to finalize details. Officials said the country will decide later how to approach international cooperation.

Switzerland also outlined several amendments to national tax laws. These updates aim to support domestic crypto firms as they adjust to CARF requirements. Regulators plan to give companies more guidance during the transition. They also want to ensure firms meet due diligence standards when the rules take effect.

In June, the Swiss Federal Council had approved a bill tied to CARF adoption. It announced that Switzerland would conduct its first information exchange in 2027. Wednesday’s update raises new uncertainty about the official timeline. The government did not offer a new target date for starting data transfers. It said committees still need to examine security and confidentiality standards in partner countries.

Global Context and Unanswered Questions

The OECD listed 75 countries that support CARF implementation. Switzerland is part of this group and previously positioned itself as an early adopter. The list also includes major economies across Europe and the G20. Meanwhile, Argentina, El Salvador, Vietnam, and India have not joined. The OECD expects more governments to support the framework in the coming years.

Swiss officials also provided updates on the Common Reporting Standard (CRS). They said CRS rules will directly apply to Swiss associations and foundations. These organizations can still avoid automatic exchange if they meet certain conditions. The decision reflects broader efforts to align Swiss financial rules with global standards. The update also highlights a growing focus on transparency across financial sectors.

Related: UK Maintains Crypto Tax Rates, Introduces Stricter Regulations

However, the government did not explain the exact reasons behind the delay. It only confirmed that its economic and taxation committee withdrew from negotiations with partner states. Those talks would have determined whether partner countries still meet confidentiality requirements. Many of those partners include European Union members, the United Kingdom, and G20 participants.

Swiss regulators said they want to protect data security throughout the exchange process. They also want stronger guarantees before sharing sensitive crypto account information. Officials stressed the importance of strict oversight as countries implement CARF differently. They plan to resume discussions once internal reviews conclude.

The delay introduces new questions for crypto platforms operating in Switzerland. Many firms expected the new rules to arrive sooner. The government now plans to focus on transition steps throughout 2026. Companies will receive further guidance as regulators finalize the implementation path.