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DAC8 – Increasing Obligations for Crypto-Asset Service Providers

Poland still hasn’t implemented DAC7 changes, even though the deadline for doing so has long passed. Meanwhile, further amendments to Directive 2011/16/EU on administrative cooperation in the field of taxation will enter into force on 13 November 2023.

The amending directive – commonly referred to as DAC8 – aims to establish a reporting framework that would oblige crypto-asset service providers to report certain information on crypto-asset transactions carried out by clients in the European Union.

  • Purpose of the new regulations
  • Obliged entities
  • Scope of reporting

Source: www.mddp.pl

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