DAC8 is a European directive designed to increase transparency around crypto-assets. The directive requires crypto service providers, such as Amdax, to report certain customer and transaction data to the tax authorities. This information may then be shared between tax authorities within the EU.
DAC8 is an extension of earlier DAC directives and focuses specifically on crypto, as this area has so far been less visible to tax authorities.
Why are you informing me about DAC8 now?
Because the reporting obligation starts on 1 January 2026. From that date onward, your transactions will fall under DAC8 and we will process your data for these purposes.
What does DAC8 mean for me as a customer?
We are required to share certain information about your identity and transactions with the tax authorities. This helps them ensure compliance with tax obligations within the EU.
Do I need to provide any information?
Yes, in some cases we may request additional or verified information. We will clearly inform you which information is required.
How do I submit my information?
Private (individual) customers can submit their information via the app or web platform.
In the app: Go to More, scroll down to Account, and select Tax details. Ensure your app is updated to version 2.9.0.
In the web platform: Go to Menu, then Settings, and select Tax details.
For business customers, we use a self-certification form. This form can be downloaded here and uploaded in your Document Center. In the web platform, go to Menu and then Documents to upload the completed form.
Does DAC8 affect my trading or balances?
No. Your ability to trade remains unchanged. DAC8 relates to reporting requirements only and does not impose trading restrictions or taxes through Amdax.
Does DAC8 affect the tax treatment of crypto for users?
For crypto users, nothing changes in the tax treatment of crypto. The exchange of information by the tax authorities does not automatically mean that a user owes tax. Whether tax needs to be paid depends on the individual situation. Users remain responsible for correctly declaring their crypto holdings to the tax authorities.