EU slaps 12 states with crypto tax compliance warnings
The European Commission has warned 12 European Union member states for failing to fully implement new EU rules requiring the reporting of crypto-related tax information.
The move reflects the European Union’s increased determination to tighten oversight of digital assets and ensure crypto activity does not evade tax authorities.
In its January infringements package released on Friday, the Commission said it will send letters of formal notice to Belgium, Bulgaria, Czechia, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, the Netherlands, Poland, and Portugal.
The notices are the early stage of an infringement process, normally initiated when member states fail to implement EU law properly. The Commission said they have…
