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Tax authorities explain Impact of DAC7 to Tax Advisors and Their Clients

  • The annual Intermediary Days were held by the Tax Authority from November 7th to December 6th to update tax service providers.
  • Online sessions will still be held from Tuesday to Thursday this week.
  • The most frequently asked questions were already provided by the tax authority.
  • Tax advisors wanted to know if they would be affected by the European directive DAC7 on data exchange on digital platforms if they only have clients in the Netherlands.
  • The tax authority confirmed that this is the case.
  • It is important for all tax service providers to understand the implications of DAC7 for their client base.
  • DAC7 applies to both national and international situations.
  • The consequences of DAC7 regulations can have an impact on your client base sooner than expected.
  • As a tax service provider, you can assist, guide, and advise your clients on reporting obligations and the potential implications for tax returns.

Source: fiscaalvanmorgen.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.

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