Crypto-asset providers must share data with Tax Administration

What changes?

Do you offer crypto-asset services in the Netherlands? Crypto-asset service providers (CASPs) must collect, check, and share data of their users with the Netherlands Tax Administration. This change is part of de European DAC8 Directive (Council Directive (EU) 2023/2226) which will be implemented in Dutch law. Tax administrations in EU countries share data on residents among them. This means crypto-asset service providers will only have to supply the information once, in their county of residence, which keeps the administrative burden limited.

The aim of this change is to have more openness on crypto-asset ownership. This should help prevent tax avoidance and tax evasion.

For whom?

• crypto-asset service providers
• financial institutions
• intermediaries, including tax advisers

When?

The EU Directive Crypto-assets Exchange of Information (Implementation) Act is expected to take effect on 1 January 2026.

Internet consultation: You can submit your views on this legislative proposal until 21 November 2024 (in Dutch).

Please note: The effective date of this measure is not yet final. Entry into force is subject to its passing through the Lower and Upper Houses (Tweede en Eerste Kamer) of parliament. After publication in the Staatsblad or Staatscourant (Government Gazette, in Dutch) the law can take effect.

Do you think government rules are unclear?

Do the rules create unnecessary administrative burdens? Or do you know how the rules could make doing business easier? You can report this (anonymously) to the Regulatory Reporting Centre (Meldpunt regelgeving).