As part of its ongoing commitment to enhancing international tax transparency and global compliance, the UAE Ministry of Finance MoF has announced the country's adoption of the updated Common Reporting Standard CRS 2.0, issued by the Organisation for Economic Co-operation and Development OECD under the Automatic Exchange of Information AEOI framework.
The UAE will implement the amended CRS framework effective 1 January 2027, with the first exchange of information scheduled for 2028.
According to the Ministry, this strategic step underscores the UAE's leadership in global competitiveness indicators and reaffirms the nation's strong, transparent, and well-governed financial system. The alignment of the CRS 2.0 implementation timeline with tax information reporting requirements under the Crypto Asset Reporting Framework CARF also highlights the UAE's pragmatic approach to integrating traditional and digital finance oversight.
