Switzerland’s Council of States approved agreements to expand automatic tax information exchange to cover crypto-assets and updated reporting standards. 

The Swiss Council of States approved Switzerland’s ratification of the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF MCAA) on 10 June 2025.

This agreement establishes the basis for the automatic cross-border exchange of tax-relevant information on crypto-assets between participating jurisdictions.

In the same session, the Council also approved the Addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CS MCAA). The Addendum reflects updates to the Common Reporting Standard (CRS) adopted in 2023, aimed at broadening the information covered and enhancing reporting and due diligence requirements.

The amendments to the CRS expand its scope to include crypto-assets, aligning with international efforts to improve tax transparency in the digital asset space. These developments mark a step toward Switzerland’s ongoing commitment to global standards for the automatic exchange of tax information.