Austrian parliament passed the DAC8 bill, introducing crypto reporting obligations under EU rules; the law awaited Bundesrat approval.
The Austrian Parliament National Council (Nationalrat) passed the draft legislation to implement the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8, 2023/2226) on 10 December 2025. The bill now awaits final approval from the Federal Council (Bundesrat).
The legislative proposal focuses on introducing the Betrugsbekämpfungsgesetz 2025 Teil Daten (Fraud Prevention Act 2025 Part Data) in Austria. A key component is the Krypto-Meldepflichtgesetz (Crypto Reporting Obligation Act), which establishes mandatory reporting and automatic exchange of information on certain crypto assets for taxation purposes, in line with European Union rules.
The law specifies the obligations of crypto service providers, including:
- Clear definitions of key terms such as “crypto asset,” “reporting crypto asset user,” and types of financial institutions.
- Registration requirements for operators handling crypto assets.
- Due diligence and reporting obligations to ensure compliance with tax regulations.
In addition, the draft law proposes amendments to existing legislation, including:
- The Common Reporting Standard Act (GMSG)
- The EU Mutual Assistance Act (EU-Amtshilfegesetz)
- The Banking Act (BWG)
These amendments integrate the new crypto reporting duties and set out penalties for non-compliance, ensuring that Austria meets EU standards for transparency and fraud prevention.
EU member states are required to transpose the DAC8 rules into domestic law by 31 December 2025, with the regulations set to take effect on 1 January 2026.
Earlier, the Austrian government approved a draft law to implement the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC8, 2023/2226).
