OECD Releases Guidance for the Declaration of Cryptocurrency Taxes

The Organization for Economic Cooperation and Development (OECD) has released a guide explaining how to file tax returns on cryptocurrency transactions.

released today by the OECD. Crypto Asset Notification Framework (CARF), It was first accepted in August.

One of the main purposes of the guide is to provide information about the transactions people make with cryptocurrencies. “collection and automatic transfer” to ensure.

The OECD guideline states that “any asset that can be held and transferred decentralized and used without including traditional financial intermediaries, including stablecoins, crypto-asset-issued derivatives, and major non-fungible tokens.” as a crypto asset being defined.

The standards in the guide; It encompasses the brokerage houses that people use to transact cryptocurrencies, and more different service providers, including exchanges, brokers, ATM operators.

Organizations within the scope of CARF will make statements to the relevant institutions of the country in which they operate. Statements to be made crypto-cryptocurrency and crypto-fiat money cover transactions.

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