On April 17, Portugal’s Assembly of the Republic approved legislation implementing the EU’s DAC8 and DAC9 directives aimed at curbing tax evasion through crypto-assets. The law requires crypto service providers to annually report client transaction data and account balances to tax authorities. Penalties for non-compliance range from €1,000 to €22,500. The measures complement existing tax sanction regimes and clarify prior legislation. The law also introduces a 15% global minimum tax for multinational and large domestic groups with revenues of at least €750 million. Automatic information exchange will cover crypto-assets, as well as foreign bank and other financial accounts. Material taken from https://t.me/ptaxes