VATupdate

EU Member States Reach Consensus on DAC7 for Digital Platforms

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

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