Scope of DAC7: EU Member States will automatically exchange information on the income generated by sellers through digital platforms, including platforms within the EU or outside. With the requirements of DAC7, platforms will be required to register in a Member State and submit information on reportable sellers using the platform to sell goods or provide services, which will then be exchanged among Member States. Formal adoption of DAC7 is expected in January 2021.
Source Orbitax
Latest Posts in "European Union"
- EESC Opinion: EPPO and OLAF Access to EU-Wide VAT Data to Combat Fraud
- General Court Confirms Dual VAT Liabilities Possible for Incorrect Invoicing of Intra-Community Supplies
- CJEU Rules ‘Financing’ Not Exempt in VAT Assessment of Factoring Transactions in Kosmiro Case
- Understanding the VAT Gap: Impact on Global Compliance, Business Operations, and Digital Tax Reforms
- EU Court Clarifies VAT Exemption Rules for Cost-Sharing Groups in Healthcare and Education Sectors
