European Commission Consulting on Draft Implementing Regulation for DAC7

The European Commission has launched a public consultation on a draft implementing regulation for Amending Directive (EU) 2021/514. The directive, approved and published in March 2022, amends Directive 2011/16/EU on administrative cooperation in the field of taxation with regard to the exchange of information on the income generated by sellers through digital platforms (DAC7). For the purpose of DAC7, the draft implementing regulation establishes rules regarding the computerized format to be…