Скачать или смотреть DAC7 | EU Tax Data Sharing (discussing the real issue)

🎬Which was your favourite "cameo appearance"?🎥 Kardashian? Irons?Gandalf? Dustin Hoffman? or ..."Donny"? 😂

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🔥DAC7 (The Directive on Administrative Cooperation 7) is stirring up conversations, becoming the meme of the moment, and headlining several of our Fonoa webcasts since December last year.

🐘🔐Yet, there's an under-addressed part of the story - the elephant in the room... Before naming it...

🌍📊Let's take a step back. The world is on a tax-data-binge, with a smorgasbord of obligations triggering platforms and businesses to share specific data types within the EU.

📝 Enter DAC7, the European counterpart to the US 1099 (sort of). Which aims to standardise the obligations and align them to the OECD Tax Model Rules

📲💰In a nutshell, DAC7 mandates that digital platforms (like Uber, Amazon, eBay, Etsy, and Taskrabbit) annually share data on their platform sellers' revenue-generating activities.

🔍💼The personal information shared is incredibly sensitive: dates of birth, places of birth, tax IDs, social security numbers, and bank account details, to name a few.

💡 The real risk isn't tax; it's privacy. The kind of information collected under this directive is highly sensitive, raising concerns around the handling of such data 📁.

Remember to like 👍, share 🔄, and subscribe 🔔 for more insightful content!

Links
IBFD Book for inspiration 👉 https://www.ibfd.org/shop/book/implication...
Fonoa DAC7 Guide👉https://www.fonoa.com/blog/the-essential-g...
Play this to your business colleagues in February 2024👉https://www.linkedin.com/posts/taxtech_tax...

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Follow me on LinkedIn: https://www.linkedin.com/mynetwork/discove...

Disclaimer: This video is meant for informational purposes only and should not be used as tax or legal advice. Always consult with a professional for your specific needs.