What is DAC8?
DAC8 is the eighth amendment to the EU Directive on
Administrative Cooperation in Direct Taxation (DACs) and is set to
introduce mandatory reporting of crypto-asset transactions from 1st
January 2026. Its primary goal is to ensure that tax authorities
can monitor and understand crypto transactions in the same way they
currently track bank accounts and traditional investments.
Under DAC8, crypto businesses will be required to share
information about their users and transactions with tax
authorities. This will enable governments to ensure that
individuals and businesses are paying the correct amount of tax on
their crypto activity.
The directive was introduced in response to the rapid growth of
crypto investments, which until now have been difficult for tax
authorities to monitor. DAC8 aims to increase transparency, reduce
tax evasion, align crypto with the reporting standards applied to
banks and financial institutions, and create consistent
