2026-01-31 09:00
publication
2026-01-31 09:00
The Commission called on Poland and 11 other countries to fully implement new regulations on tax transparency and exchange of information regarding cryptoassets, the EC reported on its website. Such a notice is the first stage of infringement proceedings.
“The European Commission decided to initiate infringement proceedings by sending a letter of formal notice to 12 Member States,” it was written on the EC website.
This is the 2023 directive on the exchange of tax transparency and information on the crypto-asset market.
“This directive amends the Directive on Administrative Cooperation in the Field of Taxation (Directive 2011/16/EU) in order to ensure tax transparency and the exchange of information regarding crypto-assets and to improve the exchange of information regarding financial accounts. The timely and full implementation of the provisions of the Directive by all Member States is crucial to achieving greater tax transparency and combating tax avoidance and tax evasion in respect of investment income,” argues the Commission.
Poland and other countries now have two months to respond, complete implementation of the rules and notify the Commission.
“If there is no satisfactory answer, the Commission may decide to issue a reasoned opinion,” it was indicated.
The so-called A reasoned opinion is the second stage of infringement proceedings, the third being the referral of the case to the CJEU.
In December, the government adopted a draft amendment to the Act on the exchange of tax information, the aim of which is, among other things, imposing an obligation on cryptocurrency market companies to report transactions.
As part of the amendment to the Act on the exchange of tax information with other countries and certain other acts, prepared by the Ministry of Finance, cryptocurrency service providers will be obliged to report on transactions on this market.
The proposed regulations provide for administrative and criminal sanctions for failure to comply with reporting obligations and due diligence procedures.
The project also assumes automatic exchange of information in connection with the equalization tax, which is intended to ensure that the profits of large groups of enterprises – international and domestic – will always be taxed at an effective rate of at least 15%.
The project aims to implement two EU directives, i.e. DAC8 and DAC9, regarding administrative cooperation in the field of taxation. (PAP Business)
jz/ ana/
