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DAC7: Tax reporting obligation for digital platforms

WHAT IS IT ABOUT?

Today there are many platforms through which one can offer services. This can range from renting out holiday homes to offering taxi services or services as a freelancer.

In principle, the income obtained through these platforms is also taxable. But the tax authorities do not always have insight into this income.

At European level, an initiative has recently been taken under which an extensive reporting obligation is imposed on platform operators (so-called DAC7). These obligations will enter into force on 1 January 2023, but must first be implemented by the legislator in Belgian law.

Source legalnews.be

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