The Slovak Government has approved a draft bill to implement Council Directive (EU) 2023/2226 (DAC8), which introduces new reporting and due diligence rules for crypto-asset service providers.
This follows after the Slovak Republic’s Ministry of Finance launched a public consultation on the draft bill No. LP/2024/645 on 25 November 2024, which ended on 13 December 2024. The draft bill proposed an amendment to the Act on the Automatic Exchange of Information on Financial Accounts for Tax Administration and related laws and aims to incorporate provisions of DAC8.
EU Member States must adopt and publish the necessary laws, regulations, and administrative measures to align with DAC8 by 31 December 2025.
While most provisions will take effect from 1 January 2026, some will not be implemented until 1 January 2028.