DAC7 is here: Readiness is key to ensure compliance and prevent penalties – Are you ready to navigate the new tax landscape? DAC7 requires digital platform operators to report certain information about the ‘reportable’ entities that are active on their platforms. Tax authorities will subsequently use this information to assess the reportable seller’s fair share of income tax and VAT. Furthermore, this information will be exchanged among the EU Member States. Therefore, it is key to get ahead of the game and learn how to stay compliant. Our latest DAC7 publication provides an overview of our proposed steps to ensure readiness.
Source RSM
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