NETHERLANDS BEGINS CONSULTATION ON CRYPTO TAX REPORTING BILL
The Netherlands has initiated a consultation on a bill requiring crypto service providers to share user data with tax authorities, aiming to enhance transparency and curb tax evasion.
The proposed legislation, driven by the EU directive DAC8, seeks to align crypto tax reporting with other European nations, allowing member states to share transaction data.
This consultation will gather stakeholder opinions before submitting the bill to the House of Representatives by mid-2025, with the goal of establishing a more transparent and cooperative framework for crypto transactions.
