The European Commission on 15 July 2020 published a Proposal for a Council Directive amending Directive 2011/16/EU on administrative cooperation in the field of taxation. The proposed directive, also known as DAC 7, would extend the scope of the existing provisions on exchanges of information and administrative cooperation between the member states by requiring digital platforms to collect and report information on the income realized by sellers offering certain services. If approved, EU member states would be required to publish any domestic law, regulations, and administrative provisions necessary to comply with the directive by 31 December 2021, and the rules would apply as from 1 January 2022.
Source: Deloitte
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