The legislation would require crypto service providers to collect and share user data with the Dutch tax authority, in line with the EU’s reporting requirements to combat tax evasion.
The Dutch government has invited public input on a new law proposal aimed at increasing transparency around cryptocurrency ownership. The legislation would require crypto service providers to collect and share user data with the local tax authority, aligning with the European Union’s reporting requirements to reduce tax evasion. According to the Netherlands’ Ministry of Finance, the law will not change current tax obligations for Dutch crypto owners, who are already required to declare their assets.
Under these new rules, the Dutch tax authority would share collected data on EU residents with other member states, as per the EU’s DAC8 crypto tax reporting framework. Additionally, non-EU countries that adhere to the OECD’s Crypto-Asset Reporting Framework, such as the United States and the United Kingdom, would receive relevant data through international cooperation agreements.
Press Release from Carey Olsen, Thursday 20 March, 2025. Carey Olsen has supported LongGame Ventures, a first-time fund manager, on the successful launch of its longevity biotech fund, LongGame Fund
Brazil has ended its tax exemption for small-scale crypto profits, introducing a 17.5% flat rate on all capital gains from digital assets. The new rule was announced under Provisional Measure 1303 as
Europe will not hesitate to retaliate if Donald Trump imposes any new tariffs, the European Commission and EU national leaders have said, after the US president announced another escalation of his aggressive
The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the release of a draft update of the Hong Kong Taxonomy for Sustainable Finance – its classification system