The Global Forum's CARF Commitment Process

REPUBLIc OF EsT0NIA MINIsTRY OF FINANcE

Mr. Gal Perraud Your ref. 29.08.2024 OECD Giobal Forum [email protected]

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 / [email protected] www.rahandusm inisteeriurn.ee / Reg. code: 70000272