The report highlights record tax transparency, covering 171 million accounts, expanded crypto reporting, and EUR 135 billion in recovered revenue.
The 18th plenary of the Global Forum on Transparency and Exchange of Information for Tax Purposes took place in New Delhi on 2 December 2025, alongside the release of its 2025 Annual Report.
The report highlights significant advances in global tax transparency, including record automatic information exchange covering 171 million accounts worth nearly EUR 13 trillion, increased participation in the Crypto-Asset Reporting Framework, and measures that recovered around EUR 135 billion in additional revenues.
Tax Transparency: Delivering a Shared Vision Through International Co-operation
A total of 172 jurisdictions now participate in the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum), demonstrating a shared commitment to combating tax avoidance and evasion through effective cross-border administrative co-operation. The Global Forum’s mandate covers the implementation of the standard on Transparency and Exchange of Information on Request (EOIR), the Common Reporting Standard (CRS) for the automatic exchange of financial account information, and the Crypto-Asset Reporting Framework (CARF) for the automatic exchange of crypto-asset information.
The report highlights the following achievements:
EOIR
In total, 129 members have been rated under the second round of EOIR peer reviews, and a further 22 had their legal and regulatory framework reviewed, pending the review of their effectiveness in practice. To date, 88% of jurisdictions have been rated either “Compliant” or “Largely Compliant”, demonstrating the maturity of this standard. The enhanced monitoring process, rolled out in 2025, has already proven effective in reinforcing actions to address recommendations. With more than 1,600 recommendations issued in Round 2, progress is closely monitored. The first enhanced monitoring report on the implementation of the EOIR Standard shows that across the 25 jurisdictions covered so far, 83% of the 125 recommendations made in the jurisdictions’ latest peer reviews have either been considered (provisionally) addressed (29%) or are in the process of being addressed (54%), with material progress noted for almost all recommendations.
AEOI-CRS
The second round of AEOI effectiveness reviews, initiated in 2023, seeks to provide a deeper level of assurance that jurisdictions are implementing the CRS effectively in practice, including ensuring compliance by Reporting Financial Institutions (RFIs). This assessment builds upon the initial desk-based assessments completed in 2022 and reflects higher expectations as the implementation of the CRS matures. The outcomes in relation to the first 99 jurisdictions which commenced exchanges in 2017-2018 will be published by the end of 2026. A further 14 jurisdictions which commenced exchanges in 2019 or after are at various stages of assessment through their first or second round of CRS effectiveness reviews. Also, the Global Forum continues to monitor progress towards addressing the recommendations made in relation to the domestic legal frameworks put in place to implement the CRS. Overall, 118 jurisdictions have been assessed to date, with 97% of jurisdictions found to have the legal framework either “In Place” or “In Place But Needs Improvement”, which provides a very solid basis to ensure that the CRS operates effectively in practice. These assessments have helped improve the CRS legislative frameworks worldwide, with 88 jurisdictions having brought amendments into effect and 735 recommendations having been addressed.
CARF
With the implementation of the CARF still in its early stages, the Global Forum’s focus is on identifying jurisdictions that host relevant crypto-asset sectors and which should therefore be asked to commit to implement the CARF in order to ensure an effective CARF based on a level playing field, and on monitoring the timeliness of the achievement of the key milestones necessary to implement the CARF. Progress is underway in both areas, with a growing number of jurisdictions making commitments and implementing the various components needed to commence exchanges under the CARF and others expected to do so soon.
