They will not escape cryptocurrencies. The new project involves automating the exchange of tax information

The exchange of tax information on transactions regarding cryptoctives will be automated – according to the assumptions of the draft law of the Ministry of Finance published on Monday.

On Monday, in the list of legislative works of the government, the assumptions of the draft amendment to the Act on the exchange of tax information with other countries and some other acts appeared.

In accordance with the information provided, the draft Act will contain provisions regarding the automatic exchange of tax information on cryptoactive transactions, provisions introducing changes to the automatic exchange of reported tax information and provisions, as explained by the Ministry of Finance, improving “a number of other provisions in the field of administrative cooperation in the field of taxation”.

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In addition, the planned amendment is to automate the exchange of information for the purposes of compensatory taxation and correct the existing content of the provisions implementing DAC7 (directive introducing the obligation to transfer data to cash registers by platform operators used to trade on the Internet).

“To ensure automatic exchange of tax information, it is necessary in particular to impose on reporting service providers in the field of cryptitations the obligation to submit transactions regarding cryptoctives implemented by cryptitations that meet specific criteria, as well as building a mechanism for the exchange of information on such transactions. For this purpose, it is planned to regulate the obligations in the entities reporting the obligations reporting service providers in the field cryptoctives, reporting procedures, due diligence procedures, rules for controlling cryptoactic service providers, obligations imposed on the relevant authorities in the field of exchange (transfer) of information, the rules for registration of cryptoactic operators ” – the assumptions were indicated.

The bill is to be adopted by the government in Q3 2025 (PAP)

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