Crypto taxBeginner
DAC8: exchanges report to the tax office
DAC8 is an EU directive that makes crypto platforms collect data on their users' transactions and report it to tax authorities.
- What it means
- Platforms collect this data from 1 January 2026; the first reports, on 2026, go to tax authorities in 2027 and are shared between EU countries.
- What to watch
- That your own records are complete: the full history from every exchange you used, so your figures match what platforms report.
- How Compass-Alpha uses it
- The tax overview builds your figures from your own uploaded exchange files and applies each country's published rules.
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More in Crypto tax
Is swapping crypto taxed?
Swapping one coin for another, like BTC for ETH, is a taxable moment in some countries and not in others.
Why your full exchange history matters
The tax on a sale depends on what you paid for the coins, and that purchase is often in an older file or on another exchange.
FIFO and cost basis
FIFO, first in, first out, matches each coin you sell with your earliest purchases, and that purchase price is the cost used to work out the gain.