DAC8 refers to the European Union’s eighth Directive on Administrative Cooperation, extending tax transparency rules to encompass crypto-assets. This directive obliges crypto-asset service providers operating within the EU to report transaction data and account balances of their users to tax authorities. Its purpose is to counter tax fraud and evasion within the digital asset sector.
Context
DAC8 constitutes a pivotal regulatory measure for the European digital asset market, necessitating considerable operational adjustments for service providers. Its implementation aligns with broader international efforts, such as CARF, to standardize crypto-asset reporting and information exchange. This directive marks a significant step towards harmonized global crypto taxation.
Reporting Crypto-Asset Service Providers must immediately update due diligence and data systems to capture cross-border transaction information starting January 1, 2026.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
