Poland’s Ministry of Finance in a release announced that Poland will enact the Crypto-Asset Reporting Framework (CARF) on 24 September 2024.
The Crypto-Asset Reporting Framework (CARF) is a standard for reporting and exchange of tax information of crypto assets developed by the OECD.
Poland also committed to adopt the CARF by joining the Joint Statement on the Implementation of the Crypto-Asset Reporting Framework. This framework obliges signatories to adopt CARF. Poland has joined 58 countries that will introduce new rules for reporting transactions using crypto assets.
CARF Joint Statement is a joint statement constituting a bottom-up initiative of the World Forum on Transparency and Exchange of Information for Tax Purposes.
The CARF Joint Statement of 10 November 2023 has been adopted by Armenia, Australia, Austria, Barbados, Belgium, Belize, Brazil, Bulgaria, Canada, Chile, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Netherlands, Norway, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, the United Kingdom, and the United States of America; the Crown Dependencies of Guernsey, Jersey, and Isle of Man; and the United Kingdom’s Overseas Territories of the Cayman Islands and Gibraltar.
Subsequent to the statement being made on 10 November 2023, Argentina, Azerbaijan, Bermuda, Colombia, Faroe Islands, Indonesia, Latvia, Mauritius, Monaco, and San Marino also adhered to the joint statement.
