The UAE  has ratified the Multilateral Competent Authority Agreement on Automatic Exchange of Information Pursuant to the Crypto-Asset Reporting Framework (CARF MCAA), joining participating jurisdictions in the annual exchange of tax-relevant information on crypto-asset transactions under the OECD-developed framework.

RF Report

The UAE has ratified the Multilateral Competent Authority Agreement on Automatic Exchange of Information Pursuant to the Crypto-Asset Reporting Framework (CARF MCAA).

The UAE is among the signatories to the CARF MCAA, which was opened for signature on 21 July 2025. The agreement, developed by the OECD, establishes a framework for the annual automatic exchange of tax-relevant information on crypto-assets between competent authorities in participating jurisdictions.

Under the agreement, participating jurisdictions will exchange information on reportable users, including tax residency details, taxpayer identification numbers and aggregated information on crypto-asset transactions. The reporting requirements cover purchases, sales, exchanges and transfers of crypto-assets, as well as certain wallet-related transactions.

The CARF MCAA is intended to support the implementation of the OECD’s Crypto-Asset Reporting Framework (CARF), which was developed to address tax compliance risks arising from the growing use of digital assets and cross-border crypto-asset activities.

Information exchanged under the agreement will be transmitted through a secure international system incorporating encryption and other safeguards. The framework also establishes procedures for cooperation between authorities in cases involving reporting errors, compliance concerns and confidentiality breaches.

In addition, the agreement contains provisions on confidentiality and data protection, requiring exchanged information to be used solely for tax administration purposes. It also allows for the temporary suspension of information exchanges where a participating authority fails to meet the agreement’s compliance standards.

The ratification confirms the UAE’s participation in the expanding international network of jurisdictions adopting common reporting standards for crypto-assets, with the aim of improving transparency and enhancing the enforcement of tax compliance obligations related to digital asset transactions.