The Netherlands is actively seeking public feedback on new regulations aimed at monitoring cryptocurrency ownership, as part of its efforts to harmonize tax laws with European Union standards. An announcement made by the Dutch Ministry of Finance on October 24 outlined the proposed requirements for crypto service providers, including exchanges, to gather, verify, and share user data with the Dutch Tax Administration.
Scheduled to take effect on January 1, 2026, these regulations are aligned with broader EU initiatives to combat tax evasion and enhance transparency in digital asset ownership. The Ministry has encouraged crypto service providers and the general public to provide their insights by November 21.
According to the proposed legislation, crypto providers will be obligated to submit user data for individuals residing in EU member states. This information will be shared with other tax authorities within the EU, following the guidelines of the DAC8 directive, which was adopted by EU member states last year.
The DAC8 directive, introduced by the EU on October 17, 2023, mandates that all crypto service providers report user data to the tax authority in the country where they operate. This approach aims to reduce administrative burdens by requiring providers to report only once in their member state, rather than facing multiple data requests from various EU countries.
In addition to the DAC8 directive, the Netherlands recently adopted the Organisation for Economic Cooperation and Development’s Crypto-Asset Reporting Framework (CARF) in November 2023, which establishes automatic information exchange protocols between tax authorities in participating countries. The proposed Dutch legislation will also ensure that data collected under CARF is shared with non-EU jurisdictions adhering to similar frameworks.
Folkert Idsinga, Secretary of State for Taxation and the Tax Administration, emphasized that this bill marks “an important step in the taxation of cryptocurrencies.” He highlighted that enhanced data-sharing mechanisms will help mitigate tax evasion and ensure that EU governments do not lose tax revenue from crypto assets.
The feedback gathered during this public consultation will be instrumental in refining the bill to ensure compliance with EU standards and alignment with Dutch tax policy goals. The Ministry of Finance plans to present the finalized bill to the House of Representatives by mid-2025.
In the context of the EU’s regulatory landscape, the Netherlands joins Denmark in its pursuit of alignment with crypto tax standards. On October 23, Denmark proposed a bill to tax unrealized gains on cryptocurrencies, adhering to both DAC8 and CARF standards.
The EU is expediting its efforts to create a unified regulatory framework for the crypto sector among member states, with the Markets in Crypto-Assets (MiCA) legislation being a primary focus. Concurrently, member states are advancing national regulations to ensure compatibility with MiCA, with countries like Ireland and Spain taking steps for early implementation.
Related topics:
Five Convicted in Austria’s Largest Cryptocurrency Fraud, Totaling $21.6 Million
Bitcoin Stabilizes at $67,000 While Goatseus Maximus Soars 50%
El Salvador’s President Bukele Supports Honduran Schools with Bitcoin Donation
