Australia moves to share crypto tax data globally by 2028

Australia has released draft legislation to introduce international crypto tax reporting standards, with public consultation running until October 28, 2026, and the first cross-border exchanges of taxpayer information planned for 2028. Summary Australia released draft crypto tax reporting legislation on October 15, seeking public feedback until October 28. The proposal would require domestic crypto transaction reporting and support international exchanges of taxpayer information annually. Australia’s first international exchanges of crypto tax information under the framework are currently planned for 2028. The OECD reports 77 jurisdictions have committed to implementing its Crypto Asset Reporting Framework by 2029. Australia’s legislation would update existing financial account reporting standards alongside introducing new requirements for crypto transactions. The Australian Treasury confirmed on October 15 that the proposed legislation would introduce the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF) into domestic law. The proposal covers reporting on crypto transactions involving Australian residents and changes to existin...