Cryptocurrency under control: Polish president signs law
11 March 22:12
Polish President Karol Nawrocki has signed a law on the exchange of tax information in the field of cryptocurrencies. The document will come into force in two weeks, but some of its provisions will only take effect on January 1, 2027.
This was reported by "Komersant Ukrainian" with reference to local media.
The law implements the European DAC8 directive, which obliges cryptocurrency exchanges and platforms to collect data on users and their transactions and transfer it to tax authorities. This includes names, addresses, balances, and all transactions with their value indicated in regular currency.
An important detail: if a Polish investor uses a crypto exchange in Germany, Estonia, or the Czech Republic, their data will still be sent to the Polish tax authorities—EU countries will exchange this information automatically.
For law-abiding investors, the law does not change anything. Those who have not yet declared their income from cryptocurrencies will be at risk – it will become much easier for tax authorities to identify them.
As Professor Krzysztof Pech noted, in two weeks, Polish cryptocurrency companies will be required to start collecting transaction data, and from 2027, they will have to transfer it to the tax authorities.
