On October 10, the OECD released the highly anticipated final Crypto Asset Reporting Framework (CARF) document which provides a new global tax transparency framework on the development of automatic information exchange with respect to crypto-assets. The framework has been developed in light of concerns by policy decision-makers that crypto-assets could be used to undermine the existing international tax transparency framework. The final document is released after receiving input on the initial public consultation proposal which was published in March 2022 and the public consultation meeting held at the end of May 2022.
In our webcasts, PwC Digital Assets Tax Leaders were joined by OECD panelists to discuss the key changes in the final framework and shared insights into the potential implications to intermediaries, tax authorities, and other stakeholders.
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