EU finance ministers reach political agreement on updated compromise text for Directive introducing tax transparency rules for crypto assets (DAC8)

17 May 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|European Union

EU finance ministers have reached political agreement on updated compromise text for revising the Directive on administrative cooperation to implement the Organisation for Economic Co-operation and Development's rules on the Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard.
The rules require reporting as of 2026 by institutions that offer crypto-asset services or electronic money services to customers in the European Union.
The rules also update existing automatic e…

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