Dutch Government Seeks Public Input on New Crypto Data Reporting Bill
Regarding a draft bill that would mandate that cryptocurrency companies gather and submit pertinent user transaction data to the tax authority, the Dutch tax authority has begun to gather public input. In a translated statement issued Thursday, the Netherlands’ Ministry of Finance stated that the proposed bill seeks to increase transparency around cryptocurrency ownership and that since cryptocurrency holders are already obliged to report their balances, the proposed measures will not affect them in any way.
Crypto Tax Compliance: EU’s DAC8 Directive Sets 2026 Deadline for Member States
The Eighth Directive on Administrative Cooperation (DAC8) requires EU member states to enact regulations requiring cryptocurrency companies to disclose customer holdings information, which will be disseminated to EU tax authorities. Although the rules are scheduled to formally take effect on January 1, 2026, the member states have until December 31, 2025, to put them into action. The draft bill was made available to the public in the Netherlands from October 24 to November 21. According to the statement, the authorities will deliver the draft measure to the House of Representatives in the second quarter of 2025.
With this bill, we are taking an important step in taxing cryptocurrencies. This will combat tax evasion and avoidance, ensuring that European governments no longer miss out on tax revenue,
Folkert Idsinga, State Secretary for Tax Affairs and the Tax Administration of the Netherlands
Dutch Finance Ministry Advocates Stricter Crypto Tax Oversight Across EU
Additionally, the Dutch finance ministry declared that it is well aware of the nascent cryptocurrency trading industry.
Cryptocurrencies, like bank deposits and other investments, are a form of wealth on which taxes must be paid. However, tax authorities in the European Union currently have insufficient oversight in this area, resulting in an uneven playing field in the financial sector.
the government
The tax law council in Denmark also suggested taxing unrealized cryptocurrency gains earlier this week as part of its most recent bill suggestions. A bill requiring crypto service providers to record information about their clients’ cryptocurrency transactions is scheduled to be introduced earlier next year, according to the Danish government.
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