EU agrees on tax monitoring of every crypto transaction (DAC8)
After MiCA, the name of the new threat to the crypto-asset sector is “DAC8”. In December 2022, the European Commission presented this proposal for a Council directive
It amends Directive 2011/16/EU on administrative cooperation in the tax field. DAC8 would require PSANs to report all crypto transactions involving EU customers to local tax authorities. In addition, an automatic exchange of information will be established between the tax services of EU countries.
Without any real surprise, the registration chamber that is the European Parliament approved the Commission's proposal as one. During a plenary session held in Strasbourg on September 13, 2023, MEPs voted by 535 votes for DAC8. Only 57 votes opposed it (and 60 abstentions)
