CARF (Crypto-Asset Reporting Framework)
Also known as: crypto-asset reporting framework, OECD CARF
An OECD global standard for the automatic exchange of crypto-account information between tax authorities, with reporting expected from 2026.
Definition
The Crypto-Asset Reporting Framework (CARF) is an OECD standard that requires crypto exchanges and other reporting service providers to collect and report account-holder information to tax authorities, which then exchange it internationally. South Africa has committed to CARF, with data exchange expected to begin from 2026. For taxpayers, CARF means SARS will increasingly receive details of crypto holdings and transactions directly, making accurate, reconciled record-keeping and full disclosure essential.
Example
A South African resident holds crypto on an offshore exchange. Under CARF, that exchange reports the account to its local authority, which shares the information with SARS.
Jurisdiction notes
- South Africa: South Africa has committed to CARF, with the automatic exchange of crypto-account information expected from 2026.