The EU authorities have issued additions to the package of measures to combat tax evasion, which states that any companies working with cryptocurrency transactions will have to report tax transactions.
Companies without branches in the EU serving European users will also be required to report income. The document says that companies will have to provide the tax authorities with personal information about users: including where these people live, when and where they were born, as well as the amount that a person spent on the purchase of cryptocurrencies, and the amount that he received from the sale. digital assets.
The authors of the amendments insist that the introduction of new obligations will help EU member states get an accurate idea of ​​what taxes they should receive – which should lead to additional income of €2.4 billion ($2.53 billion). The implementation of the new rules will cost the EU €300 million immediately and then will cost $25 million annually.
Thus, the working conditions in the EU will become equal for all cryptocurrency companies serving citizens of the EU countries. Going forward, officials expect the new reporting rules to help the cryptocurrency industry itself.
Earlier, the President of the European Central Bank (ECB), Christine Lagarde (Christine Lagarde) said that in the near future the European Commission will submit a bill defining the digital euro as legal tender.
Source: Bits
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