The Czech Ministry of Finance has issued a release announcing that the government has approved a draft law amending the Act on International Cooperation in Tax Administration for the implementation of new rules on the exchange of information on income generated by sellers through digital platforms (DAC7). The DAC7 rules are provided in Council Directive (EU) 2021/514, which was adopted on 22 March 2021 for the amendment of Directive 2011/16/EU on administrative cooperation in the field of taxation. As noted in the release, DAC7 is meant to address certain issues resulting from the use of digital platforms, including that tax administrations in the EU do not currently have enough information to be able to correctly assess tax on income from business activities carried out through digital platforms such as Liftago, Airbnb, Uber, Bolt, etc. In particular, DAC7 targets digital businesses involved in the provision (rent) of immovable property, the provisions of transport, the provision of personal services, and the sale of goods.
Source Orbitax
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