DAC 8 | CARF legislation and implementation support

The upcoming DAC 8 legislation, combined with the OECD's Crypto-Asset Reporting Framework (CARF), introduces significant changes to tax compliance, particularly for digital assets and crypto-related transactions. These new regulations mandate extensive reporting requirements for tax authorities, expanding the scope of transparency to cover crypto-assets and e-money across jurisdictions. At Triple Tax Services, we specialize in guiding organizations through these evolving regulations, ensuring you're prepared for the heightened compliance demands.

Our DAC 8 / CARF support begins with a comprehensive assessment of your current reporting processes and systems to identify any gaps in compliance. We help you understand the scope of reportable activities, including transactions involving crypto-assets, NFTs, and other digital assets, ensuring your organization is fully aware of its obligations. We work with you to design and implement tailored compliance strategies, incorporating new data collection, reporting mechanisms, and robust risk management frameworks to ensure seamless integration of DAC8 and CARF requirements into your operations.

Beyond initial implementation, we can provide ongoing support to ensure your policies and infrastructure remain compliant as regulations evolve. Our team stays updated on the latest developments in international tax law, giving you peace of mind that your organization will not only meet its compliance requirements but also be well-prepared for future audits and inspections.

Whether you’re a financial institution, digital platform, or a crypto-asset service provider, our expertise will help you navigate this new regulatory landscape with confidence and precision.