DAC8 (Directive on Administrative Cooperation 8) is part of the EU’s efforts to enhance tax transparency, specifically for crypto-assets. It requires digital platforms — including crypto exchanges, wallet providers, and other service providers — to report customer transactions and balances to tax authorities.
These rules are aligned with the OECD’s CARF (Crypto-Asset Reporting Framework). Click here for more information.
When will this apply?
The rules will apply from January 1, 2026. Vivid Money B.V. is required to gather information as of that date. The first reports are expected to be filed by Vivid Money B.V. to the Dutch Tax Authorities in January 2027 (covering the years 2026 activities).
To whom does DAC8 apply?
DAC8 reporting applies to any person or company that has a crypto-trading product. Vivid’s crypto products are the Crypto Pocket and Crypto Earn Pocket.
What data is reported and provided?
DAC8 focuses on:
Crypto-asset holdings and transfers
NFTs, stablecoins, DeFi protocols, and staking activities (where applicable)
Fiat-to-crypto, crypto-to-fiat, and crypto-to-crypto transactions
Who is the data provided to?
As Vivid Money B.V. is a Netherlands based company, we report directly to the Dutch Tax and Customs Administration who then subsequently shares this information with the tax authorities of the country/countries where each customer is a tax resident.