- Belgium approved a bill aligning tax reporting rules with EU and OECD standards, including DAC8 and the OECD Crypto-Asset Reporting Framework (CARF).
- New CARF obligations require crypto-asset service providers to expand reporting, file nil returns, report domestic transactions, and retain records for 10 years, effective January 1.
- Registration requirements for crypto-asset operators are expanded, especially for those not covered by MiCA.
- Common Reporting Standard (CRS) rules are updated to cover electronic money, central bank digital currencies, non-custodial dividends, and nil declarations, with transitional relief for beneficial-owner reporting until December 31, 2027.
- Automatic exchange of tax rulings is extended to transactions over 1.5 million euros, and mandatory use of tax identification numbers for reporting begins January 1, with expanded regimes from January 1, 2028.
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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