- Implementation of DAC8 Directive: The NOB has responded to the consultation regarding the Dutch implementation of the EU DAC8 Directive, which aims to enhance transparency in crypto asset ownership to combat tax avoidance and evasion, set to take effect on January 1, 2026.
- Key Concerns and Requests: The NOB raised several points, including requests for flexibility in the timing of registration obligations for crypto asset operators, a non-imposition of fines for non-registration under arguable circumstances, and adjustments to the reporting deadline to alleviate administrative burdens.
- Clarifications and Expansions Proposed: The NOB seeks clarification on legal protections for non-reporting individuals, the nature of user notifications, and sanctions for non-compliance, along with proposals to expand the definition of ‘Reportable User’ and improve customer identification processes during due diligence.
Source: nlfiscaal.nl
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.
Latest Posts in "Netherlands"
- Entrepreneur Bound by Settlement Agreement in Tax Reassessment Case on Luxury Watches Sales
- Tax Fraud Lessons: The Perils of Mixing Business and Personal Finances
- Financial Application Disruption at Customs Halts Payments, Urgent Payment Requests Possible
- New VAT Rules for Mixed-Use Buildings: Changes Effective July 1, 2025
- Guidelines for VAT Rates on Mixed-Use Properties Effective July 1, 2025
