EU COMMISSION LAUNCHES PUBLIC CONSULTATION ON EXTENDING THE SCOPE OF THE DIRECTIVE ON ADMINISTRATIVE COOPERATION TO CRYPTO-ASSETS AND E-MONEY

On 10 March, the EU launched a further public consultation exercise, which closes on 2 June, on new rules on reporting and exchange of information for tax purposes on e-money and crypto assets as well as new rules on penalties and compliance measures for the various reporting obligations under the DAC framework.  The objective of the consultation is to collect data and evidence needed to evaluate the need for new rules on reporting and exchange of information for tax purposes on e-money and crypto assets as well as new rules on penalties and compliance measures for the various reporting obligations under the DAC framework and the potential scope of those provisions.

https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12632-Strengthening-existing-rules-and-expanding-exchange-of-information-framework-in-the-field-of-taxation-DAC8-/public-consultation

If you would like to make a modest contribution for my time and ongoing expenses, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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