India to Implement OECD Crypto Reporting Rules in 2027

In a move to enhance tax compliance on digital assets held by its citizens abroad, India will adopt the OECD’s Crypto-Asset Reporting Framework (CARF) starting April 2027. This framework, developed by the Organisation for Economic Co-operation and Development (OECD), aims to ensure that Indian residents holding cryptocurrency holdings offshore are not exempt from paying taxes on their gains.