New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members
New European Union rules allowing tax authorities to share data on people's crypto holdings have been unanimously supported by the bloc’s member states, meaning formal agreement on the law is likely next week, a senior official has said. Last year the European Commission proposed to curb tax evasion using crypto via an eighth amendment to the Directive on Administrative Cooperation (DAC8).
“EU ambassadors have unanimously supported DAC8, paving the way for an adoption by the ECOFIN next week,” commission official Benjamin Angel tweeted Wednesday, referring to the regular meeting of economic and finance ministers that is due to take place in Brussels on May 16. Another EU official, who asked not to be named, told CoinDesk that, though there had been a “positive spirit” from ambassadors on the measures, they had not been formally agreed, as some governments have not yet received procedural approval from national parliaments. Angel is director at the commission’s tax department, responsible for shepherding the bill through to becoming a law.
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