The initial reporting of information is required by 31 January 2027, concerning the year 2026.
The Netherlands Ministry of Finance notified the House of Representatives on 7 July 2025, regarding the submission of a draft bill to implement Council Directive (EU) 2023/2226 (DAC8) of 17 October 2023.
This directive introduces new reporting and due diligence obligations for crypto-asset service providers. The European DAC8 Directive aims to increase transparency regarding crypto asset ownership, which will help combat tax avoidance and evasion more effectively. It also facilitates enhanced information exchange on cross-border rulings for high-net-worth individuals and sets penalties and compliance measures for reporting obligations. Failure to report on time, accurately, or entirely may result in a maximum penalty of EUR 1,030,000.
Approved by the European Council in October 2023, DAC8 is based on the OECD’s Crypto-Asset Reporting Framework (CARF) and the updated Common Reporting Standard (CRS) for the automatic exchange of financial account information.
EU Member States must adopt the necessary laws and regulations by 31 December 2025, with most provisions taking effect from 1 January 2026, and some delayed until 1 January 2028.
The first reporting deadline is 31 January 2027 for information related to the year 2026.
The Tax Administration will share information with other EU Member States within 9 months after the calendar year ends. The bill mandates exchanging information on cross-border rulings involving individuals with transactions over EUR 1.5 million (or equivalent) and rulings on Dutch residency status.
Earlier, the Ministry of Finance initiated a public consultation on a draft bill concerning the implementation of DAC8. The consultation period was scheduled to run from 24 October to 21 November 2024.
