Swiss Federal Council approves update to tax information exchange rules

Crypto service providers in Switzerland will face reporting obligations under the new AEOI Ordinance, but full rules will take effect in 2027.

Swiss authorities approve amendments to the international exchange of tax information, including updates to CRS and the new crypto reporting framework.

The Swiss Federal Council has approved significant updates to the Ordinance on the International Automatic Exchange of Information in Tax Matters. The new rules are set to take effect across Switzerland on 1 January 2026, assuming no referendum intervenes.

The revisions expand Switzerland’s international exchange of financial account information, updating the Common Reporting Standard (CRS) and introducing the new Crypto-Asset Reporting Framework (CARF).

Crypto service providers in Switzerland will now have reporting, due diligence, and registration obligations under the AEOI Ordinance, although these provisions will not apply until at least 2027.

The updated Ordinance also extends CRS rules to Swiss associations and foundations while excluding certain accounts if specific conditions are met. Transitional measures aim to facilitate the implementation of the amended CRS and CARF by affected parties more smoothly.

Deliberations on partner states for Switzerland’s crypto data exchange have been paused by the National Council’s Economic Affairs and Taxation Committee. The CARF will become law in Switzerland in 2026, but full implementation is delayed, keeping crypto-asset rules inactive for the first year.

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