The following information does not apply to US customers.
The Crypto‑Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard (CRS) are international standards that require financial and crypto‑asset service providers to collect certain customer information and report it to tax authorities to support global tax information transparency.
These regulations don’t create new taxes or change your own tax obligations. Coinbase does not provide legal or tax advice. Tax rules vary by country. Consult a qualified tax professional to determine what applies to you.
CARF and CRS defined
CARF is a new global standard developed by the Organisation for Economic Co-operation and Development (OECD) for crypto‑asset reporting; it requires collection and reporting of customer and crypto-related transactional information for tax purposes by companies like Coinbase.
CRS is a long-established global standard under which participating jurisdictions automatically share information about financial accounts, such as bank accounts and investments. Recent amendments to CRS are extending its scope to also cover certain crypto holdings, such as some stablecoin balances, and traditional investments whose value is based on crypto.
How reporting works
Coinbase is required to report certain information to tax authorities, similar to what banks already do. We ask for your tax information so we can meet these requirements. What is reported for you, and to which country, follows your country of tax residence, not your nationality.
Coinbase collects your identifying details and tax information (see details below).
Coinbase reports required information and crypto‑asset activity for the previous calendar year to our local tax authority.
Authorities may share this information with the tax authorities in your declared countries of tax residence, if those countries participate in these rules.
Please keep your information accurate and up to date so that what’s reported is correct. If your details change, such as your country of tax residence, update them in your account. Providing incorrect or outdated information may trigger inquiries and/or lead to potential penalties.
If we ask for your tax details, please provide them as some account features may be limited until we receive them. If we haven't asked, there's nothing you need to do right now, and this may change as these rules continue to roll out.
Note: CARF and CRS are separate from US tax reporting, such as Form 1099.
Information collected for reporting
To meet CARF/CRS requirements, Coinbase collects information from both individuals and legal entities through a self-certification form. Examples of information collected include, but are not limited to:
Individuals
Full name
Residential address
Date of birth
Country(ies) or jurisdiction(s) of tax residence
Tax Identification Number (TIN) for each tax residence (where available)
Legal entities
Entity name
Registered address
Country(ies) or jurisdiction(s) of tax residence
Tax Identification Number (TIN) for each tax residence
Entity type (e.g., financial institution, active or passive non‑financial entity)
Controlling person information, where applicable (for certain entities, such as passive non-financial entities)
Completing your tax details
Your tax residency is determined by a number of different factors, including but not limited to, the tax rules of the country in which you live or are legally required to pay tax. This may be different from your citizenship or nationality, though exceptions apply. We will ask you to complete a self-certification form providing:
All countries where you are a tax resident. List every country that applies to you, not just your primary residence.
Your Tax Identification Numbers (TIN): Provide the TIN for each country that issues one. A TIN is the official number your local tax authority uses to identify you.
If you are unsure of your tax residency, please consult a qualified tax professional to determine what applies to you. Coinbase does not provide legal or tax advice.
Reported information
In general, CARF covers your crypto activity, and the amendments to CRS cover the balance or value of certain holdings. Exactly what’s reported depends on the rules in your country and your circumstances. Here’s how:
Under CARF, the following are reportable:
Crypto‑to‑cash exchanges
Crypto‑to‑crypto exchanges
Transfers of crypto‑assets (including retail payment transactions)
Under amendments to CRS, the following transactions are reportable:
Balance or value held in certain e-money/digital wallets, such as certain stablecoin balances
Certain financial assets, such as tokenized securities, that a financial institution holds on your behalf
Coinbase reports for the previous calendar year. This is reported as annual totals grouped by type of activity, not as a line by line list of your individual transactions.
Timelines vary by country and may change as these rules are still being introduced.
Under these new CARF and amended CRS rules, the first reporting is expected in 2027, covering the 2026 calendar year, with later start dates for some countries.
Coinbase does not report earlier years, including 2025, under these new rules.
This is automatic reporting between tax authorities only. It is separate from any information a tax authority may request.
Privacy
Coinbase records and stores your information in line with our privacy policy and legal obligations as a regulated company.