The finance ministry is committed to implementing the updated CRS 2.0, enhancing tax transparency and aligning with crypto asset reporting standards.
The UAE’s Ministry of Finance (MoF) announced, on 8 November 2025, that the country is committed to implement the updated Common Reporting Standard (CRS 2.0) issued by the Organisation for Economic Co-operation and Development (OECD).
The updated standard (CRS 2.0) develops the framework established under Federal Decree No. (48) of 2018 and Cabinet Resolution No. (93) of 2021, as it expands its scope to include electronic money, digital currencies of central banks, and certain activities related to crypto assets, and provides additional requirements for auditing and reporting, to ensure that the growth of the digital asset sector and financial innovation does not affect global tax transparency.
The updated CRS 2.0 and the Crypto Asset Reporting Framework (CARF) are a significant milestone in the UAE’s journey towards strengthening its commitment to the highest international standards of tax transparency and expanding cooperation with international organisations such as the OECD and the global financial community.
