DAC7 - REPORTING
I just got an email about DAC7. Is it like every EU lived people need to write down their information or not? And what it means 2000EUR, is it the profit or the revenue. For example if I sold a product with value 1800EUR, and get 200EUR. So my revenue is 2000EUR and profit is 200EUR. Will they report to my tax authorization or not? What should I do, I am not sure why they ask to write down my information
DAC7 - REPORTING
I just got an email about DAC7. Is it like every EU lived people need to write down their information or not? And what it means 2000EUR, is it the profit or the revenue. For example if I sold a product with value 1800EUR, and get 200EUR. So my revenue is 2000EUR and profit is 200EUR. Will they report to my tax authorization or not? What should I do, I am not sure why they ask to write down my information
2 replies
Seller_QuM1AZgzfU9x4
Platforms do not have to report:
"Sellers for which the platform operator solely facilitated less than 30 Relevant Activities for the sale of goods, and for which the total Consideration paid or credited did not exceed 2000 euros during the Reportable Period. Both tests must be met for this exclusion to apply."
So if you have 30 or more transactions or they've paid you over 2000 euros then they are supposed to report your info.
