Regulations
- Council Directive (EU) 2021/514 (DAC7)
Council Directive (EU) 2021/514 establishes DAC7 reporting requirements for digital platform operators on seller transactions and payments across EU member states.
Enforcement cases
- [Multiple platforms] — Member State tax authorities (BZSt, DGFiP, AdE, etc.) 2024
First-wave DAC7 enforcement actions by EU member state tax authorities (BZSt, DGFiP, AdE, etc.) in 2024 demonstrate active compliance monitoring and reporting obligations.
Controls
- Platform-reporting program (DAC7 / 1099-K)
Platform-reporting program control addresses DAC7 / 1099-K compliance frameworks for documenting and filing seller transaction and payment data.
- Tax ID collection from sellers / contractors
Tax ID collection from sellers and contractors supports DAC7 reporting requirements by ensuring accurate seller identification and transaction documentation.
- Trader KYBC (Know Your Business Customer) program
Trader Know Your Business Customer (KYBC) program provides the seller/trader identification and verification foundation necessary for DAC7 reporting compliance.
- Trader traceability database
Trader traceability database maintains seller records and transaction data required to fulfill DAC7 reporting obligations to tax authorities.
This is based on ClearLaunch's regulatory data, not legal advice. Verify with counsel for your specific situation.