Switzerland to Share Crypto Tax Data With 74 Countries

Switzerland’s Federal Council approved automatic crypto tax data exchange with 74 nations. The first exchanges are planned for 2027, aiming to enhance global tax transparency.

Switzerland Approves Automatic Crypto Information Exchange

Switzerland is advancing its plans to share crypto tax data with international partners. The Federal Council has adopted a bill for automatic exchange of crypto asset information with 74 countries.

The list includes the United Kingdom and all European Union member states. Most G20 countries will also participate, excluding the United States, Saudi Arabia, and China.

Parliament Expected to Pass Law by Late 2026

Currently, the bill is under review by Switzerland’s Parliament. If approved, the framework will take effect on January 1, 2026. The first exchange of crypto data is scheduled for 2027.

Previously, on February 19, 2025, the Federal Council approved the core legal framework. On June 6, the council adopted the necessary dispatch for finalizing the AEOI mechanism for crypto assets.

Partner Countries Will Be Regularly Reviewed

Before exchanging data, Switzerland plans to verify partner countries’ compliance. These assessments ensure that partner states continue to meet AEOI standards.

The existing review mechanism for financial accounts will be extended to cover crypto assets. This requires corresponding amendments to the federal decree.

Exchange Depends on Mutual Interest

The Federal Council emphasized that exchanges will occur only if both parties are interested. Additionally, partner countries must adhere to the Crypto-Asset Reporting Framework (CARF) developed by the OECD.

In the EU, this will be implemented under the eighth update of the Directive on Administrative Cooperation (DAC 8). Non-compliant EU countries will be required to meet OECD reporting standards.

New Framework Strengthens Transparency and Financial Reputation

The council noted that Swiss crypto service providers will face direct reporting obligations within EU member states. This will remain in effect until Switzerland fully implements agreements with all EU members.

Adopting AEOI for crypto assets will strengthen Switzerland’s commitment to tax transparency. It also enhances the country’s financial sector reputation and levels competition for crypto businesses.