On 29 March 2022, the Organisation for Economic Co-operation and Development (OECD) released the standardized IT-format (a User Guide and an XML Schema) to support the electronic reporting and automatic exchange of information collected under the OECD’s Model Reporting Rules for digital platforms released in 2020 and the optional module that extends the scope of the Model Reporting Rules released in 2021.
These Model Reporting Rules require digital platforms to report on the income realized by those offering accommodation, transport and personal services, as well as those selling goods, through platforms and to report the information to tax authorities. The Digital Platform Information (DPI) XML Schema is intended to minimize burdens on digital platform operators, which might otherwise arise were jurisdictions to apply multiple different requirements.
Moreover, the DPI XML Schema was developed in close coordination with the European Union (EU), in order to ensure that the schema can also be relied upon for the reporting and exchange of information pursuant to the Council Directive (EU) 2021/514 (DAC7).
Source EY
