- The European Commission launched infringement actions against several EU member states for not fully transposing DAC8 and DAC9 tax directives.
- DAC8 concerns enhanced tax transparency and information exchange for crypto-assets; affected countries include Belgium, Bulgaria, Czech Republic, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, the Netherlands, Poland, and Portugal.
- DAC9 introduces new rules for administrative cooperation and information exchange in taxation; affected countries include Belgium, Bulgaria, Czech Republic, Greece, Cyprus, Malta, the Netherlands, Portugal, Romania, and Sweden.
- Member states have two months to respond and take corrective action, or the Commission may escalate the procedure.
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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