The Finnish Tax Administration has announced new reporting obligations for digital platforms for the exchange of information on income generated by sellers through digital platforms (DAC7). The DAC7 rules are provided in Council Directive (EU) 2021/514, which was adopted on 22 March 2021 for the amendment of Directive 2011/16/EU on administrative cooperation in the field of taxation. DAC7 is meant to address issues resulting from the use of digital platforms, including that income earned through digital platforms is often unreported and tax is not paid, in particular when digital platforms operate across several countries. To help address this issue, DAC7 creates an obligation for digital platform operators to report the income earned by sellers on their platforms and for EU Member States to automatically exchange this information.

In practice, companies that provide an electronic platform for the transmission of goods and services are obliged to provide information. In Finland, platform operators that are domiciled in Finland or are registered in Finland as providers of annual reports are obliged to report for the first time for the calendar year 2023. The platform operator must provide an annual report even if there is no information to report for the calendar year.