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European Commission Adopts DAC 7 Implementing Regulation to Exempt Non-EU Platform Operators from DAC7 Reporting in the EU

|Approved Changes|European Union
European Union

According to an initiative update, the European Commission adopted on 13 April 2023 an implementing regulation in relation to the implementation of the new rules for the exchange of information on income generated by sellers through digital platforms (DAC7). The regulation establishes rules to exempt platform operators outside the EU from the DAC7 reporting requirements when performing commercial activities in the EU. In particular, the regulation establishes the criteria for assessing and …

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