Key Points:
UAE Ministry of Finance signed the Crypto-Asset Reporting Framework (CARF) multilateral agreement.
New crypto asset tax reporting rules will take effect in 2027.
International information-sharing with tax authorities to begin in 2028.
An eight-week industry consultation is now open for feedback from crypto service providers.
The United Arab Emirates (UAE) is set to introduce crypto asset tax reporting requirements in 2027, marking a major step in aligning with international financial transparency standards.
According to Wu Blockchain, the UAE Ministry of Finance has signed the Crypto-Asset Reporting Framework (CARF) multilateral agreement. Under the plan, the UAE will begin implementing the new rules in 2027, with the exchange of transaction data with global tax authorities starting in 2028.
As part of the rollout, the Ministry of Finance launched an eight-week consultation period on September 15, inviting crypto exchanges, custodians, and service providers to provide feedback on how the rules may affect compliance, reporting, and business operations.
The move places the UAE among the growing number of jurisdictions adopting OECD-driven crypto tax transparency standards, aimed at curbing tax evasion and improving oversight of cross-border digital asset flows.
Analysts say the decision underscores the UAE’s dual strategy: fostering a crypto-friendly business hub while aligning with global regulatory expectations to strengthen its international credibility.
