General information:
What is the Crypto-Asset Reporting Framework/DAC8 (in the EU)?
The Crypto-Asset Reporting Framework (CARF) is a global standard developed by the OECD for the automatic exchange of information on crypto-asset transactions. DAC8 is the European Union’s implementation of this framework. Together, they require all service providers to report transaction data to tax authorities to ensure fair taxation and prevent tax evasion.
Why do I need to provide my Tax Identification Number (TaxID)?
Under these new regulations, Ramp Network is classified as an RCASP (Regulated Crypto-Asset Service Provider). We are legally required to identify the tax residency of our users. The TaxID (e.g., National Insurance Number (NINO) or UTR in the UK, NIF in Spain, Steuer-ID in Germany) is the primary tool used by tax authorities to match the reported transaction data to the correct taxpayer.
IMPORTANT: Please remember that we provide the data to the tax authorities, but you are still responsible for filing your own tax returns and paying any capital gains tax owed. We recommend downloading your transaction history from our in-app Transaction history section to help with your filing.
What specific information is being collected?
To comply with due diligence requirements, we must collect and verify:
Full Legal Name (and Entity Name/Beneficial Owners for businesses).
Residential Address.
Country(s) of Tax Residence.
Tax Identification Number (TaxID) for each jurisdiction of residence.
Date and Place of Birth (for individuals).
IMPORTANT: Please note that you may not be able to change your Country of Tax Residence once declared. Make sure the entered information is up to date and correct.
If you are unable to find your Tax ID, please visit the OECD official portal, which provides examples of what Tax IDs look like for every country.
Frequently Asked Questions:
Why do you need my Tax ID all of a sudden?
A new international regulation called CARF (and DAC8 in Europe) now requires crypto platforms to collect Tax Identification Numbers. This helps tax authorities ensure that crypto activity is reported accurately, similar to how traditional banks operate.
Is this just for Ramp Network?
No. Every regulated Crypto-Asset Service Provider (CASP) in the EU and OECD-participating countries is required to follow these rules. If you use a regulated exchange, you will be asked for this information across the industry.
What counts as a "Tax ID"?
It depends on your Country of Residence. For example:
United Kingdom: National Insurance Number (NINO) or UTR.
Germany: Steueridentifikationsnummer.
Spain: NIF.
USA: Social Security Number (SSN).
Other: Most countries use the ID number found on your national ID card or the dedicated tax document.
I already did KYC. Isn't this the same thing?
Not quite. While KYC (Know Your Customer) verifies who you are, the Tax ID specifically identifies where you pay taxes. We are legally required to have both on file.
Does this mean you are reporting my taxes for me?
No. You are responsible for filing your own tax returns and paying any capital gains tax owed.
We recommend downloading your transaction history from our in-app Transaction history section to help with your filing.