Reporting is not taxation
This distinction gets lost constantly. DAC8 changes what information tax authorities receive automatically from service providers. It does not change the rate, the treatment, or whether a particular disposal is taxable — all of which remain matters for member states, because MiCA deliberately does not harmonise tax.
Treatment still differs sharply across the EU. Germany can exempt private disposals after a one-year holding period; other member states tax the same disposal as miscellaneous income. DAC8 does not touch any of that.
The parallel with the US
The same shift happened in the United States with Form 1099-DA broker reporting from the 2025 tax year: third-party reporting expanded, liability did not change. In both cases the practical consequence is identical — the gap between what is owed and what is declared narrows because the authority now receives the data independently.
Sources
- Sumsub, Crypto Regulation in 2026: What Changed and What's Ahead (1 Jul 2026)
- ESMA, Markets in Crypto-Assets Regulation (MiCA) (1 Jul 2026)
Not advice. Conisec reports for information only. Nothing in this article is financial, legal, tax or security advice. Verify against the primary sources linked above before acting on anything.