The following contents are covered:
The Business Analytics DAC7 Impact & Readiness analyses three dimensions that are key to finding out 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
In accordance with Council Directive (EU) 2021/514 of March 22, 2021, digital platform operators must in future disclose to the EU tax authorities information on their registered users' transactions. The basic definition of platform operator is very broadly formulated in the Directive. It concerns almost every digital interface or application that connects sellers of relevant activities with potential buyers, be it B2B, B2C or C2C.
Even companies that on first glance are not platform operators may fulfil the DAC7 criterion due to their business processes and IT landscape, meaning that they can fall under the reporting requirement without knowing it. 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 real estate or vehicle leasing, 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 GTC 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!
Take the Quick Check DAC7 Impact for free now!
By answering just a few specific questions, you can find out in maximum 15 minutes if your business model(s) and 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 Business Analytics DAC7 Impact & Readiness, which is also free.
Take the Business Analytics DAC7 Impact & Readiness for free. You will need around 20-30 minutes.
Specific questions help you to find out how much your business model(s) and your organization are affected by the DAC7 Directive. Get answers to queries such as: Am I affected in general? Which business areas fall under DAC7 and must be reported? Is there a business area affected that might not be obvious? What criteria influence how I am affected according to DAC7?
You will receive a detailed summary of your individual results straight away.
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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