VATupdate

Share this post on

DAC8: EU Reporting Obligations for Crypto and Digital Asset Service Providers

  • Mandatory Reporting from 2026:
    From 1 January 2026, EU-registered crypto service providers must annually collect, verify, and report user data to local tax authorities under DAC8, targeting crypto-related tax evasion and transparency.

  • Scope of DAC8 Requirements:
    DAC8 obliges crypto-asset service providers, including exchanges and banks, to follow strict due diligence rules, notifying users and reporting personal and transactional data to relevant EU Member State tax authorities.

  • Client Support and Compliance Services:
    Firms are advised to act now. Support includes compliance guidance, IT system setup, data collection, and report preparation to ensure timely and accurate DAC8 submissions to EU tax authorities.

  • Training, Risk Review, and Tools:
    Services also cover risk assessments, staff training on DAC8 procedures, continuous regulatory updates, and tooling support for secure, efficient reporting to national authorities in line with DAC8 obligations.

Sponsors:

Pincvision
VATIT Compliance

Advertisements:

  • vatcomsult