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Online Platforms: New Reporting Obligations under DAC7

To combat tax evasion, new reporting obligations are set to be introduced for operators of online platforms. This not only affects online marketplaces like eBay, Amazon, and but also other online platforms that facilitate personal services or rental income.

The new reporting obligations require platform operators to collect information about the sellers on their platforms and the revenue they generate, which must be reported to the relevant authority. In Germany, the Federal Central Tax Office (BZSt) is responsible for taxation.

The reportable information includes:

  • Full name
  • Address
  • Tax identification number
  • Financial account

However, the draft law is still in the legislative process. Therefore, starting in early 2024, reporting obligations for applicable platform operators could potentially apply retrospectively for the year 2023. The development will be monitored until then.

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