PANews reported on October 25 that according to Cointelegraph, the Dutch government is soliciting public opinions on crypto tax monitoring laws, aiming to align its data collection rules for crypto service providers with those of the European Union. The Dutch Ministry of Finance stated in a press release on October 24 that the proposal aims to increase transparency in cryptocurrency ownership, thereby preventing tax evasion and tax avoidance.
According to the proposal, the Dutch Tax Authority (Belastingdienst) will share user data collected by crypto service providers with tax authorities in other EU countries, in line with the DAC8 crypto tax reporting rules adopted by the EU last year. The rules simplify the administrative burden on crypto service providers, who only need to report in the EU member state where they are registered.
The Dutch government plans to submit the bill to Parliament in the second quarter of 2025, and hopes to make crypto assets more transparent to tax authorities through data sharing to prevent tax loss. The deadline for submitting relevant opinions and suggestions is November 21.
