The European Union has approved a directive to ensure compliance with tax obligations linked to cryptoassets. This measure will force cryptoasset service providers to report to tax authorities and promote an automatic exchange of information for more effective tax collection. The new requirements will take effect from January 1, 2026.

Regulation to Ensure Fiscal Transparency

The European Union (EU) has approved new regulations to guarantee that cryptocurrencies are subject to the corresponding taxes. The economic ministers of EU member countries have endorsed a directive designed to ensure compliance with tax obligations about profits obtained through cryptocurrencies.

Obligations for Cryptoasset Service Providers

The new directive obliges cryptoasset service providers to inform the tax authorities of the member country where their EU resident clients operate. This information should be shared automatically with all EU member countries.

Greater Transparency and Less Tax Evasion

Paolo Gentiloni, Commissioner for Economic Affairs, sees the agreement as a step forward for tax transparency in a rapidly changing financial world. The directive will reduce the ability of crypto asset users to evade tax authorities.

Transparencia en el Dinero Electrónico y las Monedas Digitales de Bancos Centrales

Además de las criptomonedas, los nuevos requisitos de transparencia se aplicarán también al dinero electrónico y las monedas digitales emitidas por los bancos centrales. Estas medidas entrarán en vigor a partir del 1 de enero de 2026.

Exchange of Information on Advance Tax Decisions

The directive also establishes the automatic exchange of information on advanced tax decisions, benefiting people with financial assets greater than 1.5 million euros to combat tax evasion.

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