DAC 7 reporting for platforms
Came into effect in 2023 – first report due by 31 January 2024
The new DAC7 tax rules apply to both EU and non-EU digital platforms since 1 January 2023.
DAC 7 obliges digital marketplaces to provide data on their sellers’ transactions, covering
- Sales of goods
- Provision of personal services
- Rentals of property, including house sharing
- Rental and sharing of transport
The information on the above supplies to be provided includes:
- Name and address of merchant
- VAT number
- Tax identification number
- Taxable supplies and income in calendar year
- Bank account details
Annual reports are required by the end of the first month following the reporting year, meaning that the first DAC 7 report is due by 31 January 2024.
What does it mean for your business? Find it out by contacting us.
