Secretary of State Van Rij has unveiled a memorandum amending the Digital Revenue Platforms Transparency Bill (DAC7). From 2023, platforms will have to file tax returns on merchants making money with them in order to regulate data exchange with non-EU countries. The full text of the memorandum can be read in Dutch here to register:.
Under the European Directive, digital platforms are only required to report on European residents and real estate transactions located in Europe. The amendment aims to oblige platforms to report on people who earn on them from countries outside the EU. In addition, the purpose of the amendment is the bilateral exchange of such information between the Netherlands and jurisdictions outside the European Union.
Due to the amendment, it is supposed to resolve a number of contradictions in modern legislation. In particular, the Dutch will be exempted from reporting if they earn on platforms whose operators are tax residents of other EU countries.
In addition, reporting will be regulated in the case when both the platform and the seller working on it are tax residents of the Netherlands. The need for regulation in this part is determined by the fact that the Law on International Tax Assistance (WIB) applies only to cross-border situations.
The proposed changes should come into effect on January 1, 2023. Digital platforms will have to submit the first annual report by January 31, 2024.
Nalog.nl provides assistance with annual returns. Find out, how to order this service.
Publication Date: 02.08.2022
