The Federal Revenue Service has revised the Common Reporting Standard (CRS) to align with the latest OECD guidelines, expanding reporting obligations to cover e-money, central bank digital currencies, and crypto-assets.
Brazil’s Federal Revenue Service (RFB) issued Normative Instruction RFB 2298 on 26 December 2025, updating the Common Reporting Standard (CRS) in line with the latest OECD version.
Effective 1 January 2026, Key updates include the incorporation of e-money, central bank digital currencies (CBDCs), and crypto-assets within the scope of the standard, as well as the expansion of indirect investments in crypto-assets made through derivatives.
In addition, the reporting requirements have been enhanced to provide tax administrations with richer contextual information, including identifying controlling persons, classifying accounts as pre-existing or new, identifying joint accounts, and the type of financial account.
Financial institutions must update their systems and procedures to capture new CRS data, comply with AML and KYC requirements, and classify e-money, CBDCs, and crypto-assets.
New lower-risk account categories have been introduced, and coordination with the Crypto-Asset Reporting Framework (CARF) allows exemptions when service providers already report crypto transactions.
The first exchanges under the updated CRS will occur in 2027, reflecting Brazil’s commitment to international tax transparency standards.
