European Union Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

European Commission, European Banking Authority

Risk Level

low

Primary Legislation

MiCA Regulation (EU 2023/1114) (2023), Transfer of Funds Regulation (recast) (2023), Regulation (EU, The Regulation establishes a comprehensive framework covering: issuers of crypto, The Markets in Crypto-Assets (MiCA) Regulation (EU) 2023/1114 was published in t

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

DAC8 (effective 2026) — crypto reporting directive. Tax treatment varies by member state.. Personal Income Tax Rates: In the EU, personal income tax rates vary by Member State but are typically progressive. As of 2023, Germany imposes a top rate of 45% on taxable income above €58,300, while Hungary's highest rate is 15%. These rates are subject to change annually based on national budgets (European Union).. Corporate Tax Structure: The EU average corporate tax rate was approximately 20% in 2022, with variations across member states. For instance, Ireland maintains a competitive statutory corporate tax rate of 12.5%, whereas France's rate stands at 25%. Corporate tax rates are influenced by each country’s fiscal policy and economic objectives (How EU tax policy works - Consilium).. Tax Identification Number (TIN): Required for all taxable persons engaging in economic activities within the EU. The TIN is issued by the member state where the entity is established (European Commission - Taxation and Customs Union).. Business Registration: Entities must register with national authorities, such as the German Bundesanzeiger or French Société des Personnes Morales.

Key Facts

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