CRS (Common Reporting Standard) · Concepts · European Finance Observatory

Roles that need it

FATCA (Foreign Account Tax Compliance Act)FATCA is a United States law that requires foreign financial institutions to identify accounts held by US persons and report them to the US tax authority, usually through intergovernmental agreements and local tax authorities. Non-compliant institutions face 30 percent withholding on certain US payments.
DAC8 (crypto-asset tax reporting)DAC8 extends the EU Directive on Administrative Cooperation to crypto-assets: crypto-asset service providers must collect user tax data and report transactions from 1 January 2026, in line with the OECD Crypto-Asset Reporting Framework. It also widens CRS reporting to e-money products.
DAC6 (mandatory disclosure of cross-border arrangements)DAC6 is the EU directive that requires intermediaries, or taxpayers in some cases, to report cross-border arrangements showing certain hallmarks of aggressive tax planning to tax authorities, normally within 30 days. It has applied since 2020 and amends the Directive on Administrative Cooperation.

Updated 31 Oct 2026.