Belgium has transposed the EU DAC 7 directive into its law, imposing new registration and reporting obligations on digital platform operators. The scope of DAC 7 is broader than expected, and non-compliance can result in high fines. DAC 7 aims to ensure that persons deriving income from digital platforms pay their fair share of tax, and EU member states exchange information on income generated by sellers or service providers on the platform. Digital platform operators are required to collect and report information on sellers or service providers, including financial data, and carry out due diligence procedures. The reporting obligation applies to relevant activities such as the sale of goods, personal services, rental of immovable property, and rental of any mode of transport. Non-EU platform operators also have reporting obligations and need to register in Belgium.
Source BDO
