Slovakia: Parliament approves DAC8 law extending AEOI to crypto-assets

The Slovak Parliament (Národná rada) passed Bill No. 706, aligning national legislation with EU Council Directive 2023/2226 (DAC8) to expand the automatic exchange of information (AEOI) to include crypto-asset transactions.

The new law introduces several compliance obligations for crypto-asset service providers and strengthens Slovakia’s participation in international tax transparency initiatives.

Key provisions include:

1. Reporting and registration:
   Designated crypto-asset service providers must register and report under new rules tailored to digital asset transactions.

2. Transaction and notification duties:
   Providers are required to report specific crypto-asset transactions and fulfill defined notification obligations.

3. Cross-border exchange of information:
   AEOI rules will apply to crypto transactions across EU member states under the Crypto-Asset Reporting Framework (CARF MCAA).

4. Reporting deadlines:
   Crypto-asset service providers must submit required information by May 31 and September 30 each year.

5. Penalties for noncompliance:
   The bill introduces fines and enforcement measures for failing to meet the reporting and registration obligations.

The law is set to enter into force on January 1, 2026, supporting EU-wide efforts to close gaps in crypto-asset transparency and compliance.

So0urce: nrsr.sk

Follow us on LinkedIn to keep up with the latest VAT news