DAC8 - Eighth Directive on Administrative Cooperation (DAC8) in the European Union
DAC8 is aimed at enhancing tax transparency through automatic exchange of information on crypto-assets among EU member states
Key Objective
- Tax Evasion
- Fraud
Image Source: Gemini Nano Banana
Should be Complied by
- Crypto Asset Service providers (CASPs)
- Exchanges
- Wallet Providers
Data To be Collected
- Name
- Address
- Tax ID
- Transaction Details
- Account Balances
Reporting
- Reporting happens yearly once.
- Data from each state in EU will be shared across
Timeline
- Starting Jan 1 2026