The European Commission has proposed an amendment to the 2011/16/EU directive concerning administrative cooperation in the field of taxation. In accordance to the amendment, EU Member States would begin to automatically exchange information regarding revenue made on digital platforms, such as online stores and marketplaces. This would allow Member States to more effectively identify deficiencies in the taxation of digital platforms.
‘Digital platforms’ are defined in the DAC7 directive as all software, web pages and mobile applications that allow Sellers to either directly or indirectly carry out reportable activities. An activity is reportable if it concerns the sale of goods or services, rental of immovable property, rental of any mode of transport or crowdfunding.
Source: PwC
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