- European Commission confirms equivalence of information exchange between Canada and 17 EU Member States
- Information exchange relates to income derived through digital platforms
- Equivalent to requirements under DAC7
- Canadian platforms with reporting obligations under DAC7 will report information to Canada
- Canada will then exchange information with relevant EU countries
- Canadian legislation must enter into force and exchange relationships between Canada and EU Member States must be activated
- 17 Member States that have signed the Multilateral agreement listed
- Canada’s DAC7 equivalence will apply from 2024.
Source: etaf.tax
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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