ADMINISTRATIVE COOPERATION AND EXCHANGE OF TAX INFORMATION WITH THE EU ON DIGITAL PLATFORMS
The Council of Ministers has begun the procedures for the approval of a Draft Bill amending the General Tax Law with the aim of making effective the transposition of Directive EU 2021/514 (DAC 7), relating to cooperation in the field of taxation and whose main novelty is the obligation to exchange information with other EU countries on digital platform operators.
With this transposition, contained in a preliminary draft law that now begins the consultative process, administrative cooperation with the European Union is improved, since the mandate contemplated in the directive to facilitate the exchange of tax information on these digital operators will be fulfilled.
The purpose of this community rule is to improve the existing framework for the exchange of information and administrative cooperation in the European Union, as well as to expand these purposes in new areas, with the purpose of addressing the challenges posed by the digitization of the economy and helping to tax administrations to collect taxes in a better and more efficient way.
In particular, DAC 7 determines the establishment of a new exchange of information between the Member States of the EU, focused on the information obtained from the operators of digital platforms.
This new exchange of information requires changes at the regulatory level that will be carried out by means of a royal decree whose purpose is to establish the rules and diligence procedures that certain digital platform operators must apply, as well as to regulate the new registration and information obligations of said operators.
Source Lamoncloa.gob.es
