La direttiva DAC7 sulla trasparenza fiscale
Andersen professionals provide an overview of the DAC7 directive and its implications for those who operate a digital platform.
What is DAC7?
Entered into force at the beginning of 2023, DAC7 is a European regulation that aims to combat tax evasion by those entities, based in the Union, who offer the sale of goods, services or real estate through online platforms such as Amazon , Airbnb or Booking .
DAC7 therefore requires digital platform operators to automatically transmit to tax authorities information on cross-border payments made by sellers and suppliers, resulting in new obligations that, in case of non-compliance, can lead to significant penalties for companies.
DAC7 reporting rules for digital platforms
The recently adopted DAC7 reporting rules require digital platforms to collect and report specific information about users who offer to sell goods, personal services, transport or rent real estate through the platform.
Platform operators that facilitate transactions for EU residents or transactions involving EU-based real estate must be registered for DAC7 reporting purposes in order to report the information collected.
Any non-compliance can lead to fines of up to 250,000 euros. In addition, failure to register the platform could lead to a ban on operating in the EU.
Why choose Andersen support
Andersen works with experienced specialists globally to provide timely, practical and effective advice.
DAC7 Study Consultancy:
- Determine if your business is subject to registration requirements
- Facilitate completion of registration requirements
- Implement the processes and systems necessary for periodic reporting to authorities
What results can you achieve?
If your company operates a digital platform that facilitates transactions for EU residents or transactions involving EU-based real estate, one of the main challenges you may face is identifying the users operating on the platform and understanding how to collect and report the relevant information for reporting purposes. Andersen professionals can assist you with this delicate operation, thus avoiding incurring penalties.
- DAC7 (PDF, 0 bytes)