DAC8
Directive (EU) 2023/2226
Other languages: Deutsch · Français · Español
EU Directive (EU) 2023/2226, which requires crypto-asset service providers to report user data to the tax authorities from the 2026 reporting year.
DAC8 incorporates the OECD standard CARF into EU law on administrative cooperation in tax matters and extends it. The first exchange between member states follows in 2027.
In practice
DAC8 does not oblige the family office itself, but the crypto-asset service providers with which the family or its companies hold accounts. They ask for tax residence, tax identification numbers and, for entities, the controlling persons – similar to the CRS. Anyone who maintains this information in a structured way can answer such requests without delay. Crypto assets should also be documented with acquisition costs and wallet allocation, so that the reported figures match the family's own accounts.
Distinctions and common mistakes
DAC8 adds crypto assets to the existing EU directive on administrative cooperation; accounts at banks remain covered by the CRS and DAC2. Typical mistakes are incomplete self-certifications to crypto-asset service providers and tax identification numbers that differ between the bank and the crypto platform, which lead to queries from the authorities.
Relevant in: EU-wide · Germany · Austria
Related terms
- CARF
- The OECD standard for the automatic exchange of information on crypto assets, comparable to the CRS for financial accounts.
- Common Reporting Standard
- The OECD's global standard for the automatic exchange of information on financial accounts.
Mentioned in these guides
- DAC8 and CARF: reporting of crypto-assetsWhat DAC8 and the OECD Crypto-Asset Reporting Framework mean for family offices holding crypto-assets: timeline in the EU and Switzerland and how to prepare.