Cyprus implements DAC8 cryptocurrency reporting framework, requiring crypto service providers to submit their first annual reports by 30 June 2027 for 2026 transactions, with new rules affecting both providers and Cypriot tax residents.
The Cyprus Tax Department announced on 2 April 2026 that the Administrative Cooperation in Taxation Law (Amendment) of 2026 (DAC8) officially entered into force on 1 January 2026, introducing new reporting obligations for cryptocurrency service providers.
Under Article 7F and Annex IV of Law N.38(I)/2026, Reporting Crypto-Asset Service Providers must follow specific data submission requirements and due diligence procedures. These rules enable the Cyprus authorities to share information through automatic exchange with other jurisdictions.
The first data submission will take place in 2027, with a deadline of 30 June 2027. This initial report will cover all cryptocurrency transactions and activities from the calendar year 2026.
The regulation applies to all Crypto-Asset Service Providers operating in Cyprus and their representatives. Additionally, the reporting requirements also extend to cryptocurrency users who are tax residents of Cyprus.
