An article by Alessandro Foti, published on Borsa&Finanza, examines the new system for the automatic exchange of tax information on crypto-assets, introduced in Italy through the implementation of the DAC8 Directive.
The aim is to strengthen tax transparency in the cryptocurrency market by enabling tax authorities to automatically collect and exchange information on crypto-asset transactions. Starting with data relating to the 2026 tax year, crypto-asset service providers, including exchanges, wallet providers and other operators, will be required to report information on their customers and transactions to the Italian Revenue Agency (Agenzia delle Entrate). The data will then be exchanged with the tax authorities of the other participating countries, making it easier to identify discrepancies between reported transactions and taxpayers’ declarations.
What are the practical implications of the new automatic exchange of tax information for taxpayers and crypto-asset service providers?