UAE signs multilateral agreement under CARF

September 20, 2025 / 7:59 PM

UAE Ministry of Finance

Sharjah 24 – WAM: The UAE Ministry of Finance has signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF). This move follows the Ministry’s announcement in November 2024 of its intention to adopt and implement the framework.

CARF implementation timeline

The CARF framework will go live in the UAE in 2027, with the first exchange of information scheduled for 2028. The agreement is designed to establish a standardized mechanism for the automatic exchange of tax-related information on crypto-asset activities, aligning the UAE with global standards for tax transparency and regulatory certainty.

Supporting transparency in the crypto sector

By signing the CARF agreement, the UAE aims to provide clarity and legal certainty to the growing crypto-asset sector while reinforcing its commitment to international tax compliance and transparency.

Public consultation launched

To ensure effective implementation, the Ministry has launched a public consultation inviting stakeholders—advisory service providers, intermediaries, traders, custodians, exchange platforms, and others involved in the crypto-asset ecosystem—to contribute their insights.

Consultation period and objectives

The public consultation opened on 15 September 2025 and will remain active until 8 November 2025. Stakeholders can share their views, recommendations, and concerns via the designated platform. The feedback will help the Ministry develop clear, balanced, and market-aligned regulations.