Preparing for DAC8 Compliance
DAC8 is the new EU directive introducing mandatory tax reporting obligations for crypto-asset service providers, aligning EU rules with the OECD’s global CARF framework.
From 1 January 2026, Estonian crypto-asset service providers will be obliged to collect and maintain detailed information on their clients’ identity, tax residency, and crypto transactions (purchases, sales, transfers).
Timeline
31 December 2025 – DAC8 enters into force and national laws are adopted.
1 January 2026 – Estonian crypto-asset service providers start collecting user and transaction data.
30 June 2027 – First annual DAC8 report submitted (covering 2026 data).
30 September 2027 – First international information exchange takes place.
To help the Estonian crypto industry navigate these upcoming obligations, we are organizing an event dedicated to DAC8 implementation.
Vakhtang Chkhenkeli from Cryptoethica will share practical guidance on how to prepare for DAC8 implementation in Estonia:
1. What does DAC8 mean for the crypto industry and who are the reporting service providers.
2. What are reporting obligations, and how should the onboarding of clients change to comply with DAC8.
3. How to determine reporting nexus and deal with multiple nexuses.
4. Which are reportable transactions and how to manage them.
5. Valuation rules and hierarchies for reporting purposes.