The following contents are covered:
The Business Analytics DAC7 Impact & Readiness analyses three dimensions that are crucial to identify if you are subject to a reporting requirement for tax purposes:
- Do you operate a platform subject to reporting requirements?
- Are there any sellers on the platform subject to reporting requirements?
- Are any activities carried out on the platform that are subject to reporting requirements?
DAC7 Impact & Readiness Preview
According to Directive (EU) 2021/514 of March 22, 2021, digital platform operators will be obliged to disclose information about transaction of their registered sellers to the EU tax authorities. The basic definition of platform operator is very broadly formulated in the Directive. It affects almost every digital interface or application that connects sellers of relevant activities with potential buyers, be it B2B, B2C or C2C.
Even companies that at first glance are not platform operators may fulfil the requirements of DAC7 due to their business processes and IT landscape, and thus unknowingly slip into the reporting obligation. The new due diligence and reporting requirements are to be transposed into national law by the end of 2022 and will then apply for digital platform operators both in the EU and in third countries as well as for sellers on these platforms.
Relevant activities include, for example, the rental of real estate or means of transport, personal services and the sale of goods. The first reporting is obligatory as of January 31, 2024.
Platform operators now face the following challenges:
- Impact analysis: Is the platform subject to the reporting requirements under DAC7?
- Data collection: How does the operator gather the data?
- Data protection: To what extent do the GTCs have to be adjusted?
We have developed a Business Analytics for you allowing you to find out in 15 minutes if your company is subject to the DAC7 Directive and must in future report its users' revenue. If you are affected, we will be happy to support you to set up processes to collect and report the relevant data. If you would like to run the entire analysis for free, please just contact us.
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Start the preview of Business Analytics now
Start the Business Analytics preview. It contains an overview of all dimensions of the analysis and offers you a first insight into the question structure at hand with one of many response scales.
Plan your next steps
Would you like to find out more? Talk to us about your current tasks and how this Business Analytics can support you in developing solutions for them. You can try out the Business Analytics free of charge first and see initial results straightaway. Plan your individual roadmap with KPMG Atlas!
Complete the Quick Check DAC7 Impact for free now!
By answering just a few specific questions, you can find out in a maximum of 15 minutes if your business model or your organization are generally affected by the DAC7 Directive. You will receive a summary of your individual results immediately afterwards.
Are you interested in diving deeper into DAC7? Then opt for the complete and also free of charge Business Analytics DAC7 Impact & Readiness.
Complete the fully comprehensive Business Analytics DAC7 Impact & Readiness for free in approximately 20-30 minutes.
Targeted questions help you to identify how your business model or your organization is affected by the DAC7 Directive. Get answers to questions such as: Am I affected in general? Which business areas are subject to DAC7 and must be reported? Is there a business area affected that might not be obvious? Which characteristics have an impact on my affectedness according to DAC7?
You will receive a detailed summary of your individual results immediately.
Plan your next steps
Would you like to find out more? Talk to us about your current tasks and how this Business Analytics can support you in developing solutions for them. You can try out the Business Analytics free of charge first and see initial results straightaway. Plan your individual roadmap with KPMG Atlas!
We look forward to hearing from you.
If you'd like to learn more about our service, please just get in touch. We will then discuss your specific circumstances with you.
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