2024 DAC7 Reporting Guide for Platform-Based Seller Income

• The guidance is about mandatory reporting of sellers’ income earned through a platform for the calendar year 2024
• It also applies to sole proprietorships that have voluntarily registered as reporting platform operators
• The guidance is relevant for businesses that provide a digital platform enabling users to sell goods, rent out immovable property, rent out any type of transport vehicle, and perform personal services
• Reporting obligation follows the rules in the tax reporting law, specifically law announcement no. 15 of January 8, 2024, with later amendments
• Income reporting for sellers through a platform adheres to section 43 of the tax reporting law and announcement no. 1253 of September 6, 2022, concerning platform operators’ reporting duties for sellers and lessors
• New updates are indicated with arrows in the text
• Additions include section 1.4 on the obligation to collect and report identification information, the right to use a high basic deduction, and the use of BFE number when brokering through one’s own company platform
• The responsible authority is the Tax Agency

Source: info.skat.dk

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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