As of 24 August 2026 Revenue published eBrief No 121 26 providing authoritative guidance on the reporting obligations applicable to Reporting Crypto Asset Service Providers CASPs operating within Irish jurisdiction This guidance emerges from the expanding global minimum taxation framework and Ireland’s commitment to the OECD Pillar Two regime while also addressing domestic anti money laundering and tax transparency requirements The document establishes clear parameters for CASPs regarding transaction reporting beneficial ownership disclosure and compliance timelines reflecting Revenues proactive approach to regulating the digital asset sector amid rapid market evolution
Key Takeaways
- Mandatory Electronic Reporting CASPs must submit detailed quarterly reports via Revenues digital filing portal capturing all in scope crypto asset transactions counterparty details and valuation metrics in accordance with specified taxonomies
- Compliance Timeline and Penalties The guidance specifies a mandatory compliance window commencing 1 January 2027 with late submissions subject to penalties under Section 103 of the Taxes Consolidation Act 1997 practitioners should implement robust data extraction protocols well in advance of the effective date
- Alignment with International Standards Reporting specifications are designed to harmonize with OECD Common Reporting Standards for Crypto Assets and the EU MiCA regulatory framework ensuring Irish CASPs meet both domestic and cross border supervisory expectations
Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel.
Source: Read Original Announcement