DAC8: Hacienda will know about your crypto
What is DAC8? EU directive extending automatic tax information exchange to crypto. In force 2024, reporting obligations from 2026.
Affected exchanges: Any EU-based crypto service provider: Coinbase Europe, Kraken EU, Bitpanda, Bitstamp, etc.
Data reported: Full name, address, DOB, NIF, year-end balances, all transactions (buys/sells/swaps), transfers to/from external wallets.
Non-EU exchanges (Binance, Bybit, OKX): Not directly affected by DAC8, but OECD CARF extends similar requirements globally.
Impact for Spanish investors: AEAT will automatically receive data from EU exchanges. Undeclared gains = very high detection risk.
Penalties: 50-150% of unpaid tax + surcharges + potential criminal liability for large amounts.