Crypto Tax Reporting: OECD Shift to 3 Year Self Certification

CRS Reporting requirements for Crypto Asset Service Providers

On 22 March 2022, the Organization for Economic Development (OECD) released a public consultation document for the Crypto-Asset Reporting Framework (CARF) an extension of the Common Reporting Standards and the inclusion in the Automatic Exchange of Information.

What is the impact of these new rules for certification and cross-border reporting for crypto companies?

The highly anticipated crypto tax reporting regulations show the OECD's clear global focus on creating clear regulatory guidance for tax treatments of crypto assets and virtual currencies. Both the OECD and IRS are expected to publish final rules in 2022. TAINA’s Tax Reporting and Compliance Expert, Rasheed Khan, has compiled an informative and thought-provoking whitepaper on the institutional impact of the CARF proposal and the OECD shift for 3-year self-certifications.

Throughout this whitepaper, Rasheed will address your crypto regulation and reporting queries including:

• The definition of a Reporting Crypto-Asset Service Provider

• What self-certification information must be collected for both individuals and entities?

• What is the impact of the OECD shift to 3-year self-certifications?

At TAINA we continue to monitor the crypto regulatory landscape. To find out more information on the recent crypto regulation changes fill in the form to download the whitepaper below or, get in touch with us today.