Taxbit Expands Global Platform to Power CARF/DAC8 Compliance at Scale

A New Era of Digital Asset Reporting"Effective January 1, 2026, DAC8 and CARF regulations will reshape the digital asset landscape, marking a critical turning point for digital asset platforms," said Michelle O'Connor, VP Global Market Expansion at Taxbit.  "With greater clarity around global reporting obligations, Taxbit empowers these platforms to confidently meet new requirements– through automated, secure, and scalable compliance infrastructure that unlocks seamless growth." A New Era of...

SAN FRANCISCO, 26/03/2025 (informazione.news - comunicati stampa - information technology)

said Michelle O'Connor , VP Global Market Expansion at Taxbit.  "

Taxbit's mission is to enable digital assets for the global economy. The expansion to support CARF/DAC8 represents a critical opportunity to solidify Taxbit's leadership as 66 jurisdictions enter their first global information reporting season under CARF/DAC8 in 2026. said Erin Fennimore , VP of Tax Solutions at Taxbit.

One such client is PayPal, which shared:

Taxbit's platform now supports US Information Reporting (W-9/8, US 1099s & 1042-S), Digital Asset Reporting (CARF/DAC8, 1099-DA, Digital Asset Cost Basis Engine), Marketplaces & Gig Platforms (Digital Platform Income/MRDP/DAC7/SERR, US 1099s) as well as crypto accounting reporting needs - delivering comprehensive automation for enterprises managing high-volume, high-complexity, cross-border transactions. Built by tax experts and powered by advanced technology, Taxbit ensures reporting accuracy at scale—empowering businesses to stay compliant, in control, and ready for the future.

Learn more at [www.taxbit.com]

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