The OECD has released new FAQs to clarify the Common Reporting Standard and the emerging Crypto-Asset Reporting Framework.

The OECD has issued new frequently asked questions (FAQs) on 18 December 2025 to enhance tax transparency and support the effective application of the Common Reporting Standard (CRS) and the Crypto-Asset Reporting Framework (CARF).

The updated guidance forms part of the OECD’s ongoing work to promote international tax cooperation, improve reporting consistency and address practical challenges faced by jurisdictions and industry stakeholders.

Clarifying CARF

The OECD continues to expand and refine its CARF FAQs, designed to help tax administrations and businesses interpret and apply the new framework. The questions compiled in the FAQs are sourced from government and business delegates, with the answers aimed at clarifying the scope, reporting mechanics and due diligence requirements under the CARF.

CRS guidance

The OECD also reaffirmed its commitment to maintaining up-to-date FAQs on the CRS, first introduced in 2014 to facilitate automatic exchange of financial account information between tax authorities. The revised FAQs respond to issues raised by government representatives and industry participants, offering further precision on reporting obligations and due diligence measures.