As of 1 January 2023, a new European directive called DAC7 has come into effect, requiring digital platforms to provide tax information about their users to the tax authorities of EU member states. Digital platforms are required to report if a seller makes 30 or more sales transactions, or receives €2,000 or more per year from selling goods. The first reporting for 2023 is due in 2024, and existing sellers do not have to be reported until January 2025. DAC7 does not create new tax obligations for sellers and does not affect income or turnover tax. The information provided under DAC7 helps tax authorities ensure compliance with tax obligations.
Source Taxence
