Spain Seeks Feedback on DAC8 Transposition Bill for Crypto-Asset Tax Transparency and Amendments

• Spanish Ministry of Finance seeking comments on DAC8 Transposition Bill
• Bill aims to transpose EU Directive 2023/2226 on tax transparency for crypto-asset transactions
• Key measures proposed in the bill include information reporting, due diligence, and registration requirements for crypto-asset service providers
• Other measures include updating tax offense classifications, amending requirements for communicating financial account information, and revising anti-money laundering provisions
• Comments on the bill are open until October 9

Source: globalvatcompliance.com

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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