On 30 March 2023, ETAF replied to the European Commission's public consultation on the proposal for an eighth amendment to the Directive 2011/16/EU on administrative cooperation in the field of taxation (DAC8).
While we welcome the main purpose of this proposal, which is to extend the mandatory automatic exchange of information between EU Member States to income earned through crypto assets, our main concern relates to the proposed minimum penalties, which we found unlawful and disproportionate.
