- DAC7 introduces new reporting obligations for digital platforms
- The purpose of DAC7 is to increase tax transparency and combat tax evasion
- Digital platforms must collect and report information on user-generated income
- The first reporting deadline is January 31, 2024, for income generated in 2023
- Sellers must be informed about the information shared with the Tax Authority by that date
- The samenloopvrijstelling (concurrent exemption) for transfer tax and VAT is being adjusted
- The transfer of shares may be subject to 4% transfer tax in certain cases
- An exception applies to share transfers agreed upon before September 19, 2023
- To qualify for the exception, a request must be submitted by March 31, 2024
Source: crop.nl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
