Netherlands seeks public input on crypto tax regulations amid EU-wide crackdown
The Netherlands has started a public consultation process to gather views on proposed regulations for crypto ownership and taxation, according to an Oct. 24 statement.
Authorities explain that the new proposal focuses on creating transparency around crypto holdings to curb tax evasion. Under this plan, crypto service providers, such as exchanges, would be required to collect, verify, and report user data directly to tax authorities.
These companies must also gather data on users residing in other EU nations. The Dutch Tax Administration would receive this information and exchange it with other EU tax agencies under the DAC8 regulation.
Between Oct. 24 and Nov. 21, the Dutch Ministry of Finance will receive feedback from the public and…
