According to a leaked draft of the European Commission’s (EU) new taxation directive to be released this week, tax on cryptos could bring the EU $2.5 billion.
Cryptocurrencies are also included in the European Commission’s taxation proposal to be released this week, according to a draft leaked by The Block. If the leaked information is correct, these taxes will be transferred to the EU. 2.5 billion dollars earnings are calculated. The proposal, which is scheduled to be adopted this week, aims to close the “regulatory gap” and ensure that member states have issues with cryptocurrencies. prevent tax evasion aims.
According to the draft, which defines crypto assets as “decentralized issuances, stablecoins and NFTs”, crypto service providers in the EU will need to report to national tax authorities.
Speaking about the leaked draft, a spokesperson for the European Commission said they could not confirm or deny any details in the document. However, since the proposal is a directive as opposed to a regulation in the EU on taxation issues, member states they will have the freedom to decide how the provisions will be applied.
In the first leaked draft about the new taxation directive, it was stated that the directive would be applied to both centralized and decentralized platforms. However, the latest version eliminates this distinction and regulated crypto asset service providers states that it applies to
In the document, some rules 2025 will begin to be implemented as early as 2026It is stated that it will come into effect in .