European Union: Implemented Council Directive Amending Directive 2011/16/EU on Administrative Cooperation in the Field of Taxation (DAC8)

On 1 January 2026, the Council Directive Amending Directive 2011/16/EU on Administrative Cooperation in the Field of Taxation (DAC8) was implemented. Under the Directive, the Member States were required to adopt laws and regulations implementing the outlined transparency requirements. The Directive outlines measures aiming at enhancing the reporting and automatic exchange of information regarding income generated from transactions involving crypto-assets, as well as providing details on advance tax rulings specifically related to high-net-worth individuals. Furthermore, additional types of assets and income, including crypto-assets, fall within the scope of the Directive, and a compulsory automatic exchange of information will be established between tax authorities, with the responsibility of providing this information lying with the crypto-asset service providers. The Directive applies the definitions from the regulation on markets in cryptoassets (MiCA). Specifically, decentralised crypto assets, stablecoins, and select NFTs fall within the scope.