With the introduction of DAC7, online retailers trading on marketplaces such as Amazon may fall within the scope of the new reporting obligations of digital platforms. Under the new initiative, online marketplaces will need to start reporting seller’s revenue and business information to tax authorities on an annual basis when facilitating supplies to EU consumers.
Source: simplyvat.com
Latest Posts in "European Union"
- Questions to ECJ – Quick Fixes Under Scrutiny: Is an EU VAT ID a Substantive Requirement for Zero-Rating?
- Briefing document & Podcast: ECJ VAT C-622/23 (RHTB) – VAT Implications in Work Contract Cancellations
- New GC VAT Case: C-689/25 (British Company) – No details known yet
- Comments on ECJ Case C-726/23 (Arcomet) – ECJ clarifies VAT rules for Transfer Pricing adjustments in intragroup transactions
- ETAF Calls for Modern, Harmonised VAT Rules for EU Travel and Tourism Sector Reform
