- DAC7 is the latest update of the EU’s Directive on administrative cooperation in the field of taxation (DAC) and some of the other EU Member States have already passed their respective implementation laws or have published draft implementation laws.
- Member States must transpose the Directive into national law by 31 December 2022.
- The Luxembourg DAC7 draft law sets forth due diligence procedures and reporting requirements for platform operators.
- Reporting Platform Operators will have to register with the Luxembourg Tax Authority by 31 December 2023 at the latest. A Reporting Platform Operator starting its activity after 31 December 2023 must register at the latest at the date it starts its activity.
Source EY
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