DAC8 - How to prepare for new crypto-assets reporting?

Crypto assets are currently an investment product which is subject to no or light tax transparency obligations. With the introduction of DAC8 which incorporates into EU laws the OECD Crypto-Asset Reporting Framework ("CARF"), crypto-asset service providers will be subject to obligations in terms of client on-boarding, monitoring and reporting. While CARF is built extensively on CRS reporting model, it contains several deviations from those principles, notably in terms of reporting which will be a transactional reporting under CARF.

It is thus important for new Financial Institutions (FIs) to have a strong governance in place around CARF (and other tax transparency regulations such as CRS, FATCA, DAC 6 etc.) and to carefully review their operating model to ensure that any potential compliance gaps are identified and corrected before the entry into force of the Directive in January 2026.

As part of this course, PwC Academy offers to highlight the participants' company's requirements regarding this topic and to address, in a comprehensive and practical way, the questions professionals are confronted with in the light of their mandatory professional duties and the 'progressive' evolution of CRS regulations.

Thanks to the strong expertise in the financial sector and the professional experience of our lead experts, our courses can help FIs improve their CRS knowledge according to the best practices.

By the end of this training, participants will be able to:

• identify the impacts of the new regulatory requirements on their organisation;
• review their operating model;
• inform their clients regarding how CARF will impact them;
• create their CARF procedure and control framework in line with the new requirements and market practice;
• understand the interactions with other tax regulatory requirements.

• Key concepts around CRS
• Explanations on the changes brought by DAC8 in the current CRS reporting obligations
• Deep dive on the CRS governance requirements in Luxembourg law
• Overview of the recent regulatory updates at Luxembourg, European and international levels
• Return of experience from recent tax authorities controls
• Explanations of the interactions with other tax regulations

This training will be coordinated by Pierre Kirsch and Camille Perez, Partners at PwC Luxembourg.

• Pierre Kirsch is a partner in the Luxembourg financial services tax practice with over 30 years of experience serving clients in banking, insurance, and asset management. He leads a team specialising in tax compliance analysis for onboarding banking clients and investors into complex alternative fund structures. Pierre and his team advise financial sector actors in Luxembourg and internationally, helping clients review onboarding and tax reporting processes, implement controls, and define organisational roles. He contributed to establishing PwC Regulated Solutions S.à r.l., managing daily operations, and supports PwC’s financial services clients with consulting and reporting on operational taxes including FATCA, CRS, QI, and CbCR.
• Camille Perez is a partner in the Financial Services Tax department with over 15 years of experience in tax consulting and compliance for banking, asset management, and private equity clients in France and Luxembourg. He is a core member of PwC Luxembourg’s tax transparency expert team, specialising in directives such as DAC1 to 7, AML tax, FATCA, and QI, with expertise developed since 2011. Camille regularly leads tax transparency workshops and advises financial industry clients on EU/US tax compliance. He also co-chairs the ALFI working group on CRS and has managed numerous reporting and audit projects for major financial clients.