On January 1, 2026, the European Union will implement the DAC8 regime to bolster crypto tax transparency across member states. DAC8 requires automatic exchange of crypto asset information and mandates Reporting Crypto Asset Service Providers (RCASPs) to begin collecting EU resident trading data from the start date. The first reporting deadline is September 30, 2027, and RCASPs must forward non-resident investor transaction information to their home tax authorities, with data exchanged nine months after the applicable reporting year.
DAC8 operates separately from the MICA framework. While MICA regulates licensing, customer protection, and a single market, DAC8 focuses on providing tax authorities with data to assess and enforce tax obligations. Under DAC8, coverage extends beyond assets defined in MICA to include stablecoins, electronic money tokens, and certain NFTs, broadening the data landscape for tax compliance.
From January 1, 2026, crypto firms will have a transition period to comply; entities operating in the EU without MICA approval must register with the relevant member state. RCASPs will collect and submit information about both resident and non-resident investors and ensure data is shared with investor-residence countries within the statutory nine-month window after each reporting year.
Leave a Reply