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EU consultation on extending DAC to crypto-assets and e-money

The EU Commission has launched a Public Consultation on a proposal to expand the Directive on Administrative Cooperation, to provide for the exchange of information in the field of taxation to include crypto-assets and e-money.

The objective of the consultation is to collect data and evidence needed to evaluate the need for new rules on reporting and exchange of information for tax purposes on e-money and crypto assets as well as new rules on penalties and compliance measures for the various reporting obligations under the DAC framework and the potential scope of those provisions.

HAVE YOUR SAY: Complete the questionnaire at this link. The Consultation closes on 2 June 2021.