The new tax rules draw upon MiCA definitions to cover crypto-assets including, decentralised cryptos, stablecoins, e-money tokens, and specific NFTs
On October 17, the European Union (EU) adopted a directive to amend its rules on administrative cooperation in taxation (DAC8). The directive aims to enhance the legal framework regarding crypto among tax authorities.
The Directive on Administrative Cooperation in the Field of Taxation (DAC8) mandates that crypto-asset service providers (CASPs) must disclose their customers' transactions to tax authorities, with a specific focus on reporting data related to crypto transactions involving high-net-worth individuals.