The era of ambiguity for crypto-asset taxation in the European Union is officially ending. With the DAC8 implementation deadline just around the corner, now is the critical time for crypto-asset service providers (CASPs) and investors to prepare.
At Manimama, we’re guiding clients through the operational and regulatory impacts of DAC8, ensuring they understand and implement necessary compliance measures.
What is DAC8?
DAC8 is the latest amendment to the EU’s Directive on Administrative Cooperation, extending automatic exchange of information (AEOI) to include crypto-assets. Its goal is simple: to increase tax transparency and combat tax evasion by ensuring tax authorities have a clear view of crypto transactions.
The directive itself states its purpose is to “...improve the existing legislative framework, as it is necessary to extend the scope of automatic exchange of information to information that will have to be reported by reporting crypto-asset service providers.“
This isn’t a new tax; it’s a new level of visibility.
How Will It Work? A Simple Example
The system creates a clear reporting chain. Here’s a practical look:
- A Crypto-Asset Service Provider in any EU country will collect data on its clients who are residents of the EU;
- The CASP reports this information to its local tax authority.
- That tax authority then automatically relays this data to tax authorities in clients’ countries of residence across the EU.
Let’s imagine a scenario:
- Before DAC8, a Spanish resident using an Estonian exchange could trade crypto-assets without the Spanish tax authority being directly informed.
- After DAC8, the Estonian exchange must report Mr.X’s activities to its tax authority, which then shares the data with Spain.
This reporting duty is broad. The directive defines a “reporting crypto-asset service provider” as “any legal person or undertaking whose occupation or business is the provision of one or more crypto-asset services to third parties.” This covers almost every exchange, wallet provider, and broker operating in the EU.
How to Prepare for DAC8
While it might seem distant, the time to build a compliance strategy is now.
For Individuals and Corporate Investors
Don’t rely on exchange reports — keep careful records of all transactions.
Review your transaction history and understand your tax liabilities. Compliance may require expert guidance.
The challenges are clear, but with Manimama, you gain a dedicated partner offering tailored support to interpret, adapt, and efficiently apply the DAC8 requirements to your specific circumstances.
Navigating the complexities of crypto regulation is what we do. At Manimama, we provide expert legal and strategic advice based on deep industry insight, helping our clients understand risks, seize opportunities, and operate securely. We are ready to support your transition to the new DAC8 framework.
Contact the Manimama team today to schedule a consultation and make sure you are prepared for 2026. manimama.eu
Where Does DAC8 Apply?
DAC8 applies across all 27 EU member states. This unified approach means there will be no “safe havens” within the EU to avoid crypto reporting.
The directive’s goal is to create a seamless flow of information, reflecting the borderless nature of crypto-assets themselves.
The message from the EU is clear: the crypto world is being brought into the established framework of financial transparency. Proactive preparation is no longer an option — it’s a necessity.
The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.
