DAC7 is European tax legislation for online platforms. The DAC7 legislation will come into force on 1 January 2023 and aims to create more tax transparency in the digital economy. The aim is to combat tax fraud, avoidance and evasion.
Online platforms (such as Bookafishingcabin.com) will be obliged from January 1, 2023 onward to collect tax-related data from hosts (sellers) operating from or in EU countries and to share this with the our national (Dutch) tax authorities in January 2024. In our case, the Dutch tax authority will then share this information with the tax authorities of the other 26 member states.
You can read more about the DAC7 legislation and the consequences for hosts in this article.