Taxes Consolidation Act 1997 section 891HA

Implementation of Part I of OECD (2023) International Standards for Automatic Exchange of Information in Tax Matters: Crypto-Asset Reporting Framework

Section 891HA transposes the OECD Crypto-Asset Reporting Framework (CARF) into Irish law, requiring crypto-asset service providers with an Irish connection to register with Revenue, carry out due diligence on their users, and file annual returns detailing reportable users and their crypto-asset transactions.

• Crypto-asset service providers that are Irish tax resident, incorporated in the State, managed here, or have a regular place of business or branch in Ireland must register with Revenue by 31 December in the year they first come within the rules, with the first reporting period commencing on 1 January 2026.
• Annual returns due by 31 May following each calendar year must include identifying details for the provider and each reportable user, together with extensive transaction data covering acquisitions, disposals, retail payments, and transfers for each type of crypto-asset, including transfers to private wallet addresses.
• Users must provide the information needed for compliance; where a user fails to do so after two written reminders and a further 60 days, the provider must block that user from carrying out any further transactions.
• Penalties range from €1,265 for failing to cooperate with a Revenue enquiry to €4,000 for failure to register or file a return, with records to be retained for at least six years and an anti-avoidance rule to catch arrangements designed to circumvent these obligations.