The European Commission will publish imminently a roadmap to amend the Directive on administrative cooperation on tax (DAC) to include within its scope alternative means of payment and investment (e.g. crypto-assets, e-money). The Commission fears that they may threaten to undermine progress made on tax transparency and pose substantial risks for tax evasion.
Stakeholders will be able to provide feedback on the Roadmap. A formal public consultation is scheduled for first quarter of 2021, and a legislative proposal in third quarter of 2021