LUXEMBOURG Trends and Developments Contributed by: Claudia Hoffmann, Daniel Krauspenhaar, Stefanie Samosny and Sascha Wiemann, Luther
tion on customer transactions – including transfers, exchanges and certain payments – to the national tax authorities. The first reporting obligations will begin in January 2026, with data covering that year exchanged with other EU tax administrations by September 2027. Service providers will be obliged to register with Lux - embourg’s tax administration by June 30th each year in order to file their reports for the previous calendar year. Penalties for non-compliance are significant: EUR5,000 for a failure to register or submit informa - tion, and up to EUR250,000 for shortcomings in due diligence, data collection or reporting accuracy. The scope of DAC8 is intentionally broad, encompassing not only mainstream cryptocurrencies but also stable - coins, tokenised securities and other forms of digital assets traded via distributed ledger technology.
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