- EU Finance Ministers formally adopted the eighth revision of the Directive on administrative cooperation in taxation (DAC8)
- Amendments focus on reporting and automatic exchange of information on crypto-assets and advance tax rulings for wealthy individuals
- Minimum penalties proposed by the European Commission for breaching reporting obligations were deleted from the text
- European Parliament adopted its opinion on the Directive in September, allowing for formal adoption
Source: etaf.tax
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 "European Union"
- Comments on ECJ C-101/24 (Xyrality) – Judgment on app stores as VAT commissionaires
- ECJ Confirms Deemed Reseller Rule for App Store In-App Purchases
- VAT Challenges in Toll Manufacturing: Goods vs Services Classification Issues
- VAT and Transfer Pricing – Four recent cases @ ECJ/CJEU – 3 cases decided, 1 case pending
- Briefing document & Podcast: ECJ C-580/16 (Hans Bühler) – Late submission of recapitulative statements should not disqualify a business from exemptions
