- EU Finance Ministers formally adopted the eighth revision of the Directive on administrative cooperation in taxation (DAC8)
- Amendments focus on reporting and automatic exchange of information on crypto-assets and advance tax rulings for wealthy individuals
- Minimum penalties proposed by the European Commission for breaching reporting obligations were deleted from the text
- European Parliament adopted its opinion on the Directive in September, allowing for formal adoption
Source: etaf.tax
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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