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EU Adopts DAC8 – New Cryptocurrency Tax Reporting Rule To Take Effect Soon


European Union (EU) finance ministers approve new regulations requiring cryptocurrency firms to share data on customer cryptocurrency holdings with tax authorities. On October 17, the EU adopted the Eighth Directive on Administrative Cooperation (DAC8), which is set to go into force in 2024....

European Parliament Supports DAC8 Crypto Tax Rule by an Overwhelming Margin


Lawmakers in the European Parliament have expressed support for the eighth iteration of the Directive on Administrative Cooperation (DAC8), a measure that introduces tax reporting requirements for crypto transactions. During a plenary session held in Strasbourg, France, on September 13,...

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