On 22 June 2021, the Organisation for Economic Cooperation and Development (OECD) published Model Reporting Rules for Digital Platforms: International Exchange Framework and Optional Module for Sale of Goods (the report). The report includes an international legal framework in the form of the Multilateral Competent Authority Agreement (MCAA) that operationalizes the exchanges of information under the Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy (the Model Rules) that were adopted on 3 July 2020. Reflecting the interest of a number of jurisdictions to permit the extension of the scope of the Model Rules to the sale of goods and the rental of means of transportation, the report also includes an optional module developed by the OECD allowing such jurisdictions to implement the Model Rules with an extended scope.
In parallel, the European Union (EU) Member States have adopted rules revising the Directive on administrative cooperation in the field of taxation (Council Directive 2011/16/EU or DAC) to extend the EU tax transparency rules reporting by digital platforms on their sellers (DAC7). This Directive will apply from 1 January 2023.
Source EY
