VATupdate

DAC7 & record-keeping obligations for digital platforms

This document lays down rules and procedures that digital platforms must follow and share with the tax authorities of the Member State concerned. The aim is to address “the lack of tax compliance and the under-declaration of income earned from commercial activities carried out with the intermediation of such digital platforms”.

Source KPMG

See also part 1: New VAT obligations for electronic marketplaces

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