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.
Who does this apply to?
- Are you an individual?
You will need to complete the DAC7 compliance process to confirm that you are a private individual and not a business. - Are you a business?
You can convert your profile to a business profile 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)
Important: The €2,000 or 30-sales threshold is for reporting purposes only.
It does not mean you will be taxed.
- Selling personal items or selling at a loss typically isn’t taxable.
- Even if you make some profit, if your yearly profit from online sales is below €10,000, you generally won’t owe taxes.
- Tax obligations depend on your profit, not just your sales volume.
Why do we collect this data?
EU law requires platforms to collect and share limited information with tax authorities to improve transparency and cooperation. We only share the minimum required data, in line with GDPR rules. Your privacy remains a top priority.
What happens if I don’t update my information?
To comply with EU law, we may need to restrict some account features until the required information is provided. We want to avoid this, which is why we’re notifying you.
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’.
Important: The information you provide for DAC7 is used solely for compliance with tax transparency regulations. It is part of the EU’s new legislation on tax transparency and will not have any negative consequences for you. All data is protected and processed in accordance with GDPR requirements.
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 it to the latest version.
Thank you for your understanding as we adapt our platform to these new requirements.
Need more help?
- Contact us via this form (for business accounts: businessaccounts@vendora.gr)
- For specific tax advice, please consult with a professional tax advisor.
- You can read more about our platform privacy notice or send us a message with any questions you may have
