Australia will implement the OECD’s Crypto Asset Reporting Framework (CARF) and a domestic crypto tax reporting regime starting from 2027, with the first international and domestic information exchanges in 2028.
The Australian government announced in its Mid-Year Economic and Fiscal Outlook (MYEFO) 2025-2026 that it will implement the OECD Crypto Asset Reporting Framework (CARF) for the automatic exchange of tax relevant information on crypto assets, commencing in 2027 with the first exchange of information with foreign tax authorities to take place in 2028.
The government will also implement a domestic crypto tax reporting regime to commence in 2027, for information to be reported to the Australian Taxation Office (ATO) in 2028.
The CARF and domestic crypto tax reporting regimes will enhance transparency to improve tax compliance.
Australia expressed early support for CARF in a joint statement with 47 other jurisdictions on 10 November 2023. As outlined in the MYEFO 2025‑2026 (17 December 2025), Australian crypto-asset service providers will be required to report holdings of foreign tax residents and entities with foreign controlling persons to the ATO.
This information will be shared internationally under CARF, with domestic reporting starting in 2027 and the first exchanges occurring in 2028.
The OECD developed the CARF to address the rapid growth of the global crypto-asset market. The CARF is intended to be a global minimum standard in tax information exchange and builds on the existing CRS (outlined below), which enables participating tax authorities to exchange (traditional) financial account information on foreign tax residents, serving as a deterrent to tax evasion.
Earlier, in December 2024, the Australian Treasury launched a public consultation on how to implement the OECD’s Crypto Asset Reporting Framework (CARF), exploring whether to adopt it into law or take a customised policy approach, along with related CRS amendments. The consultation ended on 24 January 2025.
