REPUBLIc OF EsT0NIA
MINIsTRY OF FINANcE
Mr. Gal Perraud Your ref. 29.08.2024
OECD Giobal Forum
gftaxcooperation@oecd.org
Ourref. 07.10.2024 No 1.5-2/3808-2
The Giobal Forum’s CARF
Commitment Process
Dear Mr Perraud,
We stand by the previousjoint statement to cornmit to the to exchange of information relating
crypto assets with ali interested appropriate partners. This includes our intent to implement
also the Addendum to Common Reporting Standard offinancial account information.
1 therefore confirm that Estonia comrnits to implement the CARF under the terms of the
Giobal Forum’s CARF commitment process, as set out in the letter from the Chair of the
Giobal Forum dated 28 August 2024.
In this regard, Estonia is committing to corninence exchanges under the CARF in accordance
with the generally expected tirneline of 2027.
The commencement of exchanges under the CARF and new CRS framework will be heavily
dependent on IT developments. We wiIl need to develop IT structures to accommodate both
European Union and OECD level exchanges. Therefore, it cannot be ruled out that Estonia
would need to postpone the commencement of exchanges for technical reasons.
Please note that we will not be able to join the Giobal Forum Pienary Meeting in November.
Nevertheless, we are prepared to sign and deposit the documents remotely by 22 November
2024 by the Co-ordinating Body Secretariat.
Competent Authority to sign the documents is Estonian Tax and Customs Board.
Yours sincerely,
Evelyn Luvamagi
Deputy Secretary-General for Financial and Tax Policy
Anneli Valgrna, Anneli.Valgma(fin.ee
Suur-Ameerika 1 / 10122 Tallinn/ Estonia / +372 611 3558 / info@rahandusministeerium.ee
www.rahandusm inisteeriurn.ee / Reg. code: 70000272