What it is.
DAC 7, (Directive 2021/514) is a new law imposed by the European Union in the area of taxation on digital platforms. This law establishes new rules to improve cooperation between EU Member States in the field of taxation in general, and aims to enhance tax transparency. You can read this directive in detail here.
How you are affected.
DAC 7 mainly affects sellers operating on digital platforms within the European Union. Specifically, if you are a seller and in one fiscal year (i) you have 30 or more sales or (ii ) your total sales exceed €2,000, you will need to enter some additional information on our platform, such as your Tax Identification Number (TIN) and your address.
In summary, here are the facts.
The affected sellers are those who, in one fiscal year, have one of the following:
- 30 sales or more
- total sales exceeding the amount of € 2.000
Sellers are required to provide the following information:
- Tax Identification Number (TIN)
- Exact address (street, number, postal code, city, country)
What to do.
If you have reached the specified limit, you will receive an email notification prompting you to register your details on our platform.
Registration of data
- First, go to your account billing details by clicking here.
- Then go to the ‘DAC7 compliance’ section and enter your Tax Identification Number (TIN) and your exact address (street, number, postal code, city, country).
- Confirm that the information is correct and click ‘Save changes’.
That’s it! The additional data is registered.
* The mentioned option is available on our platform and in the latest version of our app. If you are using the app and cannot find this option, please ensure that you have updated the app to the latest version.
Important: The information you provide for DAC 7 is used exclusively for compliance with tax transparency regulations. It is part of the new EU-level tax transparency legislation and will not have negative consequences.
Thank you for your understanding as we adapt to the new requirements. You can read more about our platform privacy notice or send us a message with any questions you may have at support@vendora.gr.