The OECD has developed the Crypto-Asset Reporting Framework (CARF) to increase the visibility of activities in the cryptoasset sector.
OECD reporting framework
The framework introduces information reporting requirements for Reporting Crypto-Asset Service Providers.
This information will allow tax authorities to check if crypto-related income is being reported correctly, and that associated obligations are being met.
The information will focus on cryptoassets, which can be transferred and held outside of banks and other traditional financial intermediaries.
Crypto-Asset Reporting Framework (oecd.org)
New Zealand has adopted the model rules into the legislation.
Tax Information Bulletin – Vol 37 No 5 – June 2025 (pages 24-33) (taxtechnical.govt.nz)
Crypto-asset reporting requirements
Starting from 1 April 2026, New Zealand-based Reporting Crypto-Asset Service Providers are required to collect information on certain transactions made by reportable users that operate through them. These providers are then required to report this information to us by 30 June 2027.
Reporting Crypto-Asset Service Providers must report on the following types of relevant transactions.
- Exchanges between relevant cryptoassets and fiat currencies.
- Exchanges between 1 or more forms of relevant cryptoassets.
- Transfers (including reportable retail payment transactions) of relevant cryptoassets.
The OECD has released the XML Schema and associated user guide to support the reporting and exchange of information under the CARF.
Crypto-Asset Reporting Framework XML Schema July 2025 (oecd.org)
The OECD has also issued a new set of frequently asked questions (FAQs) to provide more guidance on how to interpret the CARF. This list is regularly updated to help ensure consistency with the CARF’s global implementation.
FAQs: Crypto-Asset Reporting Framework (CARF) (oecd.org)
Jurisdictions committed to CARF
Download the OECD list of jurisdictions committed to implementing the CARF.
If you have questions, you can email us at [email protected]