DAC7 Mandatory Exchange Of Information For Digital Platform Operators

A. BACKGROUND

On 07 February 2020, a public consultation was opened by the European Commission as part of the fair and simple taxation with regards to the collection and exchange of information from digital platform operators. After the receipt of feedback by the various stakeholders, European Commission published the Directive Mandatory exchange of information for digital platform operators the "DAC 7".

The EU Member States agreed on the revised draft of "DAC 7" on the 27th November 2020 and on 10th of March 2021 the EU Parliament provided its non-binding opinion on the matter.

The Council of European Union unanimously adopted the EU directive the "DAC 7" on 22 March 2021.