Navigating Tax Data Sharing Obligations: A Blueprint for Compliance with Regulations like DAC7

• Tax Data Sharing obligations like DAC7 are important for inhouse tax teams
• A mental model is helpful for understanding and explaining data sharing obligations
• Tax Data Sharing involves seven steps: Scoping, Collection, Validation, Aggregation, Notification, Submission, and Inquiries
• Platforms need to understand if they are within the scope of Data Sharing Obligations in different countries
• Data Sharing regulations are based on OECD’s Model Rules for Reporting by Platform Operators
• Regulations like DAC7 and Digital Platform Reporting Rules do not have a minimum threshold for platform size
• Data Collection is a crucial step in the process, requiring coordination with product and communications teams.

Source: fonoa.com

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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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