Finland President Signs Law Implementing EU Directive on AEOI for Digital Platform Operators

The Finnish President Dec. 29 signed Law No. 1267/2022, implementing EU Council Directive 2021/514 of March 22, 2021, on the mandatory automatic exchange of financial account information (AEOI) for digital platform operators (DAC7). The law includes measures:

• 1) requiring platform operators to collect, and annually submit to the tax administration, information on vendors and essential activities taken using the digital platform;
• 2) establishing due diligence obligations for platform operators;
• 3) establishing registration requirements for non-EU platform operators who enable the sale of goods or services to a person living in a member country, or the rental of real estate or …