Home -
Brokers -
Main body -

WikiFX Express

Exness
EC markets
XM
TMGM
FXTM
FOREX.com
AVATRADE
IC Markets Global
FXCM
STARTRADER

Council of the EU Announces Adoption of DAC8 Crypto Tax Reporting Rule

Eurotrader | 2023-10-19 11:24

Abstract:A press release was issued by the Council of the European Union on October 17, announcing the adoption of a directive that modifies the EU regulations pertaining to administrative cooperation in the field of taxation. The directive primarily focuses on enhancing the reporting and automated exchange of information concerning income generated from transactions involving cryptocurrency assets, as well as advance tax rulings specific to high-net-worth individuals.

23ewdsc.jpg

A press release was issued by the Council of the European Union on October 17, announcing the adoption of a directive that modifies the EU regulations pertaining to administrative cooperation in the field of taxation. The directive primarily focuses on enhancing the reporting and automated exchange of information concerning income generated from transactions involving cryptocurrency assets, as well as advance tax rulings specific to high-net-worth individuals.

They want to enhance cooperation between national taxation authorities (DAC8), as well as strengthen the existing legislative framework. The authorities want to expand the scope for registration and reporting obligations and overall administrative cooperation of tax administrations.

“Additional categories of assets and income, such as crypto-assets, will now be covered. There will be a mandatory automatic exchange between tax authorities of information which will have to be provided by reporting crypto-asset service providers,” reads the press release.

They want to build on the definitions established in the MiCA regulations and cover a wide scope of cryptocurrency assets, including stablecoins, e-money tokens, as well as certain non-fungible tokens (NFTs).

DAC8 is interested in granting tax collectors jurisdiction for monitoring and evaluating crypto transactions carried out by individuals or entities within any other member state of the EU. DAC8 currently complies with the Crypto-Asset Reporting Framework (CARF) and the regulations specified in MiCA.

img_v2_b16b2b19-0b04-4bd6-9ba8-fbf10f93dacg.jpg
Forex trading

Related broker

Regulated
Eurotrader
Company name:Eurotrade International Ltd
Score
5.93
Website:https://www.eurotrader.com/en/website-home
10-15 years | Regulated in Cyprus | Regulated in South Africa | Market Maker (MM)
Score
5.93

Read more

XBTFX Exposed: Do Traders Witness Withdrawal Denials & Poor Customer Support Service?

Do you constantly witness withdrawal denials or delays by XBTFX, an Antigua and Barbuda-based forex broker? Have you been constantly unsuccessful when transferring funds from your forex trading account to your wallet? Did you have to pay a charge on a funds transfer to your wallet? Did you witness withdrawal blocks even after paying the transfer fee? Such has been the story for many traders at XBTFX. Read on as we share the XBTFX review, containing traders’ complaints.

Original 2025-12-09 18:55

Classic Global Ltd Review 2025: A Complete Look at Its Services and Warning Signs

Classic Global Ltd says it is an online forex and CFD broker that offers many trading products to users worldwide. Its website looks modern, gives access to the popular MetaTrader 5 platform, and offers different account types. However, when we look deeper, we find serious questions about how this company really operates. There is a big difference between what the broker claims and what our research shows. We found major concerns about whether it follows regulations, its business history, and what users say about it. This paints a worrying picture for people thinking about investing. This Classic Global Ltd review aims to give you a complete and fair overview, breaking down what the broker offers and showing you the critical warning signs. Our goal is to give traders the information they need to understand all the risks that come with Classic Global Ltd.

Original 2025-12-09 17:44

Can You Trust Tauro Markets? A Complete Guide for New Traders

When picking a broker, the first question is always: Can you trust Tauro Markets? Is Tauro Markets reliable? For any trader, keeping your money safe is the most important thing, even more important than talking about fees, trading platforms, or what you can trade. A broker's trustworthiness isn't demonstrated by their advertisements, but by their actual licenses and their transparency about their business. The most important factor in determining whether you can trust a broker is whether they are properly regulated. This one thing decides whether your money is protected, whether you can get legal help if there's a problem, and whether the broker follows international rules for fairness and financial safety. This review will look closely at Tauro Markets' regulation, company history, trading conditions, and how they operate. We will study the facts to give you a clear, evidence-based answer about whether they're reliable for traders in 2025.

Original 2025-12-09 17:26

RM310,000 Gone: Jobless Man Duped by “Sure-Win” Investment

A 47-year-old unemployed man in Muar lost RM310,000 after a YouTube “high-return” investment led him to an app promoted via WhatsApp, showing fake profits of RM2.5 million before demanding an extra RM382,811.60 in “fees” to withdraw.

Original 2025-12-09 16:11

WikiFX Express

Exness
EC markets
XM
TMGM
FXTM
FOREX.com
AVATRADE
IC Markets Global
FXCM
STARTRADER

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
ACCM

ACCM

Regulated
Upway

Upway

Regulated
BCR

BCR

Regulated
FOREX.com

FOREX.com

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
ACCM

ACCM

Regulated
Upway

Upway

Regulated
BCR

BCR

Regulated
FOREX.com

FOREX.com

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
ACCM

ACCM

Regulated
Upway

Upway

Regulated
BCR

BCR

Regulated
FOREX.com

FOREX.com

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
ACCM

ACCM

Regulated
Upway

Upway

Regulated
BCR

BCR

Regulated
FOREX.com

FOREX.com

Regulated

Latest News

The "Arbitrage" Accusation: How Winning Trades Turn Into Account Reviews at ACY Securities

WikiFX
2025-12-08 12:28

IC Markets Formula 1 Partnership Debuts at Abu Dhabi GP 2025

WikiFX
2025-12-08 18:11

The TikTok Scam That Cost a Retiree Nearly RM470,000

WikiFX
2025-12-08 17:31

QuickTrade Review: Multiple Reports of Account Freezes and Login Failures by Users

WikiFX
2025-12-08 17:08

Is Tauro Markets Safe? A 2025 Deep Look into Its Risks and Openness

WikiFX
2025-12-08 17:26

CommSec Regulation, Login Information & User Review : A Comprehensive Review

WikiFX
2025-12-09 17:47

Trading Knowledge is Wealth! Take the Daily Quiz Challenge and Win 1,000 Points!

WikiFX
2025-12-09 15:01

FCA Waning list of Unauthorised firms

WikiFX
2025-12-09 19:42

The "Invalid Profit" Trap & The Withdrawal Maze: A Deep Dive into MultiBank Group

WikiFX
2025-12-10 13:52

OneRoyal Review 2025: Multiple Licenses Yet Flooded with Scam Complaints

WikiFX
2025-12-09 14:13

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

algobi

algobi

ALLIED HOLDINGS

ALLIED HOLDINGS

AGMELITES

AGMELITES

ELITE DIGITAL MARKET

ELITE DIGITAL MARKET

1Stepmarkets

1Stepmarkets

OMIN FX

OMIN FX

CASHFLOW FX CONNECT

CASHFLOW FX CONNECT

NIAGARA HUB

NIAGARA HUB

GDFS

GDFS

tradeel

tradeel