The European Union continues to expand tax transparency. In the future, the exchange of information between national tax authorities will also include crypto-assets. This is the result of the extension of the EU Directive on Administrative Cooperation (DAC), which was agreed by the Council of Ministers (ECOFIN) in mid-May. In contrast to the EU Commission’s DAC8 draft, there are no longer any minimum sanctions for violations.
- MiCA Regulation
- E-money and tokens also affected
- Other reporting requirements
Source: EY
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