《CARF Casting the Net: Global Tax Hunt Targeting the Crypto Circle》(Author @agintender) Previously, users trading on exchanges found it difficult for tax authorities in their resident countries to comprehensively grasp relevant information. Now, CARF connects users' tax residency countries with exchange jurisdictions, and once they establish a CARF cooperation relationship, users' tax residency countries can obtain detailed information about their tax residents' cryptocurrency trading abroad, and conduct tax collection and management accordingly; The biggest difference between CARF and CRS is: CRS checks "how much money you have," while CARF checks "where your money flows to"; Many veteran OGs believe that as long as they handle their assets before the first information exchange in 2027, everything will be fine. This is incorrect. Read the full article:
《CARF Casting the Net: Global Tax Hunt Targeting the Crypto Circle》(Author @agintender) Previously, users trading on exchanges found it difficult for tax authorities in their resident countries to comprehensively grasp relevant information. Now, CARF connects users' tax residency countries with exchange jurisdictions, and once they establish a CARF cooperation relationship, users' tax residency countries can obtain detailed information about their tax residents' cryptocurrency trading abroad, and conduct tax collection and management accordingly; The biggest difference between CARF and CRS is: CRS checks "how much money you have," while CARF checks "where your money flows to"; Many veteran OGs believe that as long as they handle their assets before the first information exchange in 2027, everything will be fine. This is incorrect. Read the full article: