According to an initiative update, the European Commission adopted on 13 April 2023 an implementing regulation in relation to the implementation of the new rules for the exchange of information on income generated by sellers through digital platforms (DAC7). The regulation establishes rules to exempt platform operators outside the EU from the DAC7 reporting requirements when performing commercial activities in the EU. In particular, the regulation establishes the criteria for assessing and determining the extent to which the national law of a non-Union jurisdiction and an agreement between the competent authorities of a Member State and a non-Union jurisdiction ensures that the information automatically received by that Member State relates to the activities within the scope of Directive 2011/16/EU and is equivalent to the information required under the (DAC7) reporting rules set out in that Directive.
Source Orbitax
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