There’s a fire at the lake! Switzerland, known for its banking discretion, is about to take an important step towards tax transparency in terms of crypto. The Federal Council has adopted a bill which will allow theAutomatic information exchange (EAI) on digital assets with 74 partner countries, including the United Kingdom and all the Member States of the European Union. This measure, which could come into force on January 1, 2026, aims to strengthen the reputation of Switzerland as digital finance leader while respecting international tax transparency standards.
- Switzerland adopted a bill to automatically exchange tax information on cryptocurrencies with 74 countries from 2026.
- This bill, under discussion in Parliament, provides for a first exchange of data in 2027, targeting a reinforced fight against tax evasion in the digital asset sector.
An exchange of data provided for 2027
THE project law, currently under discussion at Parliamentprovides for the first data exchange on cryptocurrencies in 2027. Before that, the Swiss wishes to ensure that partner states comply with the requirements of Declaration of digital assets (Carf) developed by theOrganization for economic cooperation and development (OECD). This framework aims to standardize the collection and theInformation exchange on transactions in crypto To combat tax evasion:
« Switzerland has a significant interest in being integrated into this network and in implementing EAI on digital assets from 2026, especially since it is likely that it will receive relevant tax data on digital assets on the part of the partner states ».
Member of the Parliament on the bill – Source: Cointelegraph
Among the countries concerned by this exchange are most G20 members, with the notable exception of UNITED STATESfrom theSaudi Arabia and China. This exclusion could be explained by differences in regulatory frameworks or by geopolitical considerations.
A declaration of declaration for Crypto service providers
According to the Federal Council, this initiative will help Swiss to respect its international commitments in terms of Tax transparencyto strengthen the reputation of its financial sector and to create fair conditions for local companies cryptocurrencies. Crypto service providers based in Switzerland will therefore have a direct declaration of declaration in EU member states, in accordance with the eighth update of the Directive on administrative cooperation (DAC 8).
This directive, which should come into force in 2026obliges the cryptocurrency exchange platforms to collect and at share Information on their users with the tax authorities of the EU. It also applies to countries that do not yet meet the declaration of the declaration of theOECD.
By adopting the EAI on cryptocurrencies, Switzerland confirms its pioneer role in the regulation of digital assets. The country has already set up a clear legal framework for initial tokens offers (ICO) and Stablecoins, thus attracting many companies and investors in the sector. With this new measure, Switzerland therefore hopes to continue to attract players in digital finance while complying with international tax transparency requirements.