What is DAC7 about?
On 22 March 2021, Council Directive (EU) 2021/514 amending Directive 2011/16/EU on administrative cooperation in the field of taxation (so-called DAC7) was adopted.
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”.
Status of the implementation in the Member States
See also
- New VAT obligations for electronic marketplaces
- DAC7 & record-keeping obligations for digital platforms
- All other newsitems relatedto DAC7, click HERE
