the EU e-commerce marketplace reporting obligation on sellers’ activities

The EU’s new digital platform seller rules for e-commerce came into effect on 1 January 2023, with the first report by 31January 2024.

This means a standard data format for requests by EU tax authorities from digital marketplaces on their third-party sellers’ VAT transactions.

This includes the Automatic Exchange of Information (AEOI) between tax authorities too.

Non-compliance with these new reporting obligations will lead to substantial penalties.

DAC 7 covers all transactions for: goods; services plus gig and sharing economies as well as all transaction types, B2C and B2B.

The OECD followed this plan and issueed OECD optional marketplace reporting guidance for countries.

What does it mean for your business? Find it out by contacting us.



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