DAC7 is the 7th amendment to the EU’s Directive on Administrative Cooperation in the field of taxation. Beginning on January 1, 2023, Digital Platforms operating in the EU are required to share selected financial and personal information about their Platform Sellers with tax authorities on a yearly basis.
Online platforms now must collect and verify the identification information of EU sellers who use their servicesThe new DAC7 rules will apply to Digital Platforms that facilitate the sale of goods or services, and the rental of immovable property.
According to DAC7, Digital Platforms include software applications (for mobile or desktop), websites or parts of a website that connect buyers to sellers and allows them to carry out a sales transaction.
Learn more about what your obligations are and how you can meet them in this guide we've prepared for you.
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