The Directive on Administrative Cooperation (“DAC”), which was first agreed in 2011, directs the tax administrations of all EU Member States to share certain information with each other. The DAC establishes all the necessary procedures and provides the structure for a secure framework for this cross-border cooperation.
The DAC was amended by Council Directive (EU) 2021/5142 (“DAC7”) to introduce new reporting obligations for platform operators with respect to certain sellers,
along with the automatic exchange of that information. It is intended that the information obtained will assist Member States in addressing the tax challenges
posed by the platform economy.
Source Revenue.ie
