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DAC8 and What It Means for You
DAC8 (the EU’s Eighth Directive on Administrative Cooperation) is a new European regulation that requires cryptocurrency exchanges to share user data with national tax authorities.
Starting September 27th, 2027, exchanges will automatically report customer information — including your trading history, wallet balances, and crypto income.
Exchanges will begin reporting user crypto activity to tax authorities in:
Under DAC8, crypto exchanges operating in the EU will be required to share both historical and new activity with tax authorities. This does not replace your own tax declaration — declare before the tax office acts.
This means that any crypto activity you perform today — trades, swaps, staking rewards, or transfers — could soon be visible to your local tax authority.
The goal of DAC8 is transparency: ensuring that crypto assets are treated like any other financial holdings under EU tax law.
What Will Be Reported
Under DAC8, registered exchanges operating in the EU (or serving EU residents) must report:
- Your identifying information (name, address, tax ID)
- Transaction details (buy/sell amounts, dates, currencies)
- Account balances and wallet movements
Even non-EU exchanges serving EU customers will be expected to comply.
In other words: your crypto activity won’t stay private from tax authorities.
Why You Still Need to Declare Your Crypto
Some might assume that because exchanges will report directly to tax offices, there’s nothing left for individuals to do — but that’s not the case.
You’re still legally responsible for declaring your crypto income and gains accurately.
Failing to do so can result in:
- Late-filing penalties
- Interest on unpaid taxes
- Possible audits or fines for undeclared assets
Proactively declaring your crypto before DAC8 reporting begins helps you avoid stress and potential penalties once authorities start cross-checking exchange data.
How Divly Helps
A cryptocurrency tax calculator like Divly makes this process easy:
- 🧾 Automatic imports from all major exchanges and wallets
- 💰 Accurate gain/loss and income calculations based on local tax rules
- 📄 Ready-to-file tax reports for your country
- 🧩 Simple portfolio overview to track your total holdings and realized profits
Instead of manually piecing together hundreds of trades, Divly does the heavy lifting — so you can declare before DAC8 takes effect and stay compliant with confidence.
Take Control Before the Deadline
DAC8 doesn’t have to be bad news.
It’s an opportunity to get ahead, organize your crypto finances, and avoid future trouble.
The earlier you start, the smoother your reporting will be once exchanges begin sharing data.
Don’t wait for the tax authorities to contact you.
Start your crypto tax report with Divly today →
