Home -
Brokers -
Main body -

WikiFX Express

Exness
XM
EC markets
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

KKR Exposed: Traders Allege Fund Scams, Withdrawal Denials & Regulatory Concerns

Do you witness a negative trading account balance on the KKR broker login? Does the broker prevent you from withdrawing your funds after making profits? Do you need to pay an extra margin for withdrawals? These trading issues have become common for traders at KKR. In this KKR broker review article, we have elaborated on the complaints. Take a look!

Original 2025-11-28 19:50

IG Launches 5% Cashback Offer for New UK Customers

IG cashback offer UK 2025 gives investors up to £100 back. Compare the best UK investment platforms with cashback today.

Original 2025-11-28 18:46

In-Depth Review of MH Markets Regulation and Compliance Profile – What Traders Should Really Know

This in-depth analysis provides a data-driven examination of the MH Markets regulation and compliance profile. Drawing primarily on verified data from the global broker inquiry app WikiFX, supplemented by public records, we will dissect the broker's multi-jurisdictional licensing, evaluate the real-world protections offered to traders, and interpret the warnings and ratings that define its standing in the competitive forex and CFD landscape.

Original 2025-11-28 18:45

In-Depth Stonefort Securities Commission Fees and Spreads Analysis for 2025

This comprehensive Stonefort Securities commission fees and spreads analysis aims to cut through the noise. We will dissect the broker's complete cost structure, from the spreads on its Elite account to its commission policies and the potential for hidden non-trading fees. Explore more.

Original 2025-11-28 18:36

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
EBC

EBC

Regulated
ATFX

ATFX

Regulated
Exness

Exness

Regulated
ACCM

ACCM

Regulated
IC Markets Global

IC Markets Global

Regulated
FXTM

FXTM

Regulated
EBC

EBC

Regulated
ATFX

ATFX

Regulated
Exness

Exness

Regulated
ACCM

ACCM

Regulated
IC Markets Global

IC Markets Global

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
EBC

EBC

Regulated
ATFX

ATFX

Regulated
Exness

Exness

Regulated
ACCM

ACCM

Regulated
IC Markets Global

IC Markets Global

Regulated
FXTM

FXTM

Regulated
EBC

EBC

Regulated
ATFX

ATFX

Regulated
Exness

Exness

Regulated
ACCM

ACCM

Regulated
IC Markets Global

IC Markets Global

Regulated

Latest News

Gratitude Beyond Borders: WikiFX Thank You This Thanksgiving

WikiFX
2025-11-27 08:30

MH Markets Commission Fees and Spreads Analysis: A Data-Driven Breakdown for Traders

WikiFX
2025-11-26 18:07

Alpha FX Allegations: Traders Claim Account Blocks, Withdrawal Denials and Security Breaches

WikiFX
2025-11-26 19:33

How to Become a Profitable Forex Trader in Pakistan in 2025

WikiFX
2025-11-26 20:15

CFTC Polymarket Approval Signals U.S. Relaunch 2025

WikiFX
2025-11-26 18:22

Zipphy Exposed: No Valid Regulation, Risk Warning

WikiFX
2025-11-27 13:35

KEY TO MARKETS Review: Are Traders Facing Withdrawal Delays, Deposit Issues & Trade Manipulation?

WikiFX
2025-11-27 18:05

FCA Consumer Warning – FCA Warning List 2025

WikiFX
2025-11-27 18:05

Australia’s Fraud-Intel Network Exposes $60M in Scams

WikiFX
2025-11-27 16:41

Malaysia’s SkyLine Guide Top 25 Brokers Are Out!

WikiFX
2025-11-28 11:24

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

NFX MARKETS

NFX MARKETS

FULLERVERSE

FULLERVERSE

Sahm

Sahm

STERLING EMPIRE

STERLING EMPIRE

BITNUS OPTIONS

BITNUS OPTIONS

APEXMAERKET EXPERT

APEXMAERKET EXPERT

MAIN CYCLEAPEX

MAIN CYCLEAPEX

NoxWealth

NoxWealth

ProFin Wealth

ProFin Wealth

GCW MANAGEMENT

GCW MANAGEMENT