05-August-2026
Economy News
 
Rejig of global tax reporting rules to cover digital finance
04-Aug-2026

India has overhauled its global tax reporting framework to reflect the rapid evolution of digital finance, expanding foreign account tax compliance Act (FATCA) and common reporting standard (CRS) implementation rules to cover specified crypto-assets, central bank digital currency (CBDC) and digital money products, while tightening due diligence norms for financial institutions.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/rejig-of-global-tax-reporting-rules-to-cover-digital-finance/articleshow/132840831.cms