MEP Rasmus Andresen (Greens-EFA/Germany) published his draft report on the Directive on administrative cooperation concerning crypto assets (DAC 8) on 29 March. Among his recommendations, MEP Andresen proposes expanding DAC’s scope to include exchanging information on capital gains from immovable property, financial and luxurious assets stored in free ports, customs warehouses or safe deposit boxes. He also calls for introducing a European Tax Identification Number (TIN) that would allow any authority to identify and register taxpayers quickly, efficiently and correctly.
European Parliament’s (EP) opinion is legally non-binding, but it is needed for DAC 8 to become EU law eventually. The vote in ECON Committee is currently scheduled for 30 May.
Source
Latest Posts in "European Union"
- Consultation on European CBAM rules
- From Accounting Entry to Taxable Event: The Acromet Case and VAT-TP Implications
- DG TAXUD Extends ICS2 Road and Rail Transport Deadline to December 31, 2025
- Potential VAT Changes for Travel Businesses: UK and EU TOMS Reforms, New Platform Rules
- EU Report Highlights Need for Enhanced Customs Controls Amid E-Commerce Growth and Non-Compliance
