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The Dutch government has kicked off a public consultation process for a new legislative proposal aimed at enhancing tax transparency in the cryptocurrency sector. 

Beginning today, the consultation invites feedback from stakeholders regarding a draft bill that mandates cryptocurrency service providers to report customer transaction data to the Dutch Tax Authority starting January 1, 2026.

This initiative aligns with the European Union's DAC8 directive, which seeks to combat tax evasion by establishing a framework for the reporting of digital asset transactions. 

Under the proposed law, crypto firms will be required to collect and verify detailed user information, which will then be shared with other EU member states. This cooperative approach aims to ensure a uniform standard of compliance across Europe, reflecting a significant shift toward tighter regulation of the digital asset market.

In the press release, Folkert Idsinga, State Secretary for Taxation and Tax Authorities, said, “With this bill, we are taking an important step in the taxation of cryptos.” 

“In the future, EU member states will be able to work together better thanks to the exchange of data, and transactions with cryptos will become transparent to tax authorities. This will combat tax avoidance and evasion, and European governments will no longer miss out on tax revenues.”

The consultation period will remain open until November 21, providing an opportunity for industry participants, advocacy groups, and other stakeholders to voice their opinions and contribute to the legislative process. 

The government anticipates finalizing the bill by mid-2025, paving the way for its implementation in less than two years.