- Implementation of DAC8 Directive: The NOB has responded to the consultation regarding the Dutch implementation of the EU DAC8 Directive, which aims to enhance transparency in crypto asset ownership to combat tax avoidance and evasion, set to take effect on January 1, 2026.
- Key Concerns and Requests: The NOB raised several points, including requests for flexibility in the timing of registration obligations for crypto asset operators, a non-imposition of fines for non-registration under arguable circumstances, and adjustments to the reporting deadline to alleviate administrative burdens.
- Clarifications and Expansions Proposed: The NOB seeks clarification on legal protections for non-reporting individuals, the nature of user notifications, and sanctions for non-compliance, along with proposals to expand the definition of ‘Reportable User’ and improve customer identification processes during due diligence.
Source: nlfiscaal.nl
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 "Netherlands"
- VAT aspects of the 2026-2030 Coalition Agreement
- General Court VAT case T-851/25 (Roenes) – Questions – Transfer of a Totality of Assets: Economic Continuity vs. Supplier Intention
- Zero rate rightly refused due to VAT fraud
- No VAT Deduction Without Proper Evidence: Burden of Proof on Entrepreneur After Late Filing
- Zero VAT Rate Denied Due to Knowledge of UK VAT Fraud in Metal Trade Chain
