EU adopts tax transparency rules for digital platforms (DAC7)

Executive summary
On 22 March 2021, the Council of the European Union (the Council) adopted new rules revising the Directive on administrative cooperation in the field of taxation (Council Directive 2011/16/EU or DAC) to extend the European Union (EU) tax transparency rules reporting by digital platforms on their sellers (DAC7).
The new rules introduce a reporting obligation for digital platforms l…
Continue Reading