EU member states have reached consensus on the proposal for the seventh Directive on Administrative Cooperation (DAC7), according to a tweet from Benjamin Angel, European Commission Director for direct taxation tax coordination, economic analysis and evaluation. The Commission proposal for DAC7, first announced in July 2020, is meant to ensure that EU Member States will automatically exchange information on the income generated by sellers through digital platforms, including platforms within the EU or outside. With the requirements of DAC7, platforms will be required to register in a Member State and submit information on reportable sellers using the platform to sell goods or provide services, which will then be exchanged among Member States. According to Angel, formal adoption of DAC7 is expected in January 2021.
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