DAC 7 administrative agreement
The EU’s new digital platform seller rules for e-commerce came into effect on 1 January 2023, with the first report by 31 January 2024.
The administrative obligations in this respect mean the following:
- Identifying online merchants not properly declaring and paying VAT;
- Providing for a consistent and efficient set of requirements for marketplaces to avoid them having not manage different requests and duplicate questions;
- Legal ability for tax authorities to work together on joint audits on seller activities from 1 January 2024.
This includes the Automatic Exchange of Information (AEOI) between tax authorities too.
What does it mean for your business? Find it out by contacting us.
