On 8 December 2022, the European Commission presented its proposal for new tax transparency rules that would apply to all service providers facilitating transactions in crypto assets for EU customers. This new update (also referred to as “DAC 8”) to Council Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC), would complement the Markets in Crypto-assets Regulation, which provides the conditions for access to the EU market for crypto assets, and anti-money laundering rules. The EU Commission launched a public consultation on the proposal that is open for feedback until 8 February 2023.
Source Deloitte
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