National Council approves CARF MCAA and CRS MCAA Addendum for enhanced tax information exchange.
Switzerland’s National Council (Nationalrat) approved the Multilateral Competent Authority Agreement under the Crypto-Asset Reporting Framework (CARF MCAA) and the Addendum to the Common Reporting Standard MCAA (CRS MCAA) on 8 September 2025.
The CARF MCAA creates a framework for the automatic exchange of information on crypto-assets, following the OECD’s reporting and due diligence standards. Its goal is to help tax authorities address risks linked to the fast-growing crypto market and maintain transparency across borders.
The CRS MCAA Addendum expands the scope of information to be exchanged under the CRS MCAA, incorporating additional reporting obligations introduced by the 2023 revision of the Common Reporting Standard. These enhancements are intended to maintain the CRS’s effectiveness in tackling international tax compliance issues.
Earlier, Switzerland’s Council of States approved the CARF MCAA and the Addendum to the CRS MCAA, advancing crypto-asset reporting and international tax transparency on 10 June 2025.
