Overview

• The UAE signed the multilateral agreement for CARF information exchange and opened a public consultation running from September 15 to November 8, 2025, targeting implementation in 2027 with first exchanges in 2028.
• India’s Finance Bill 2025 mandates domestic reporting of virtual digital asset transactions from April 1, 2026, with cross‑border sharing under CARF starting in 2027.
• South Africa’s revenue service released draft CARF regulations for comment, placing crypto‑asset service providers at the center of detailed transaction reporting with a stated October 3 deadline for submissions.
• Industry leaders in India say standardized reporting should simplify compliance, operate largely in the background for users, and may reduce duplicative obligations even as platforms shoulder upfront implementation work.
• Authorities describe CARF as a tool to strengthen tax transparency and oversight of cross‑border crypto activity, supporting enforcement efforts and reinforcing confidence in regulated markets.