DAC7 The Important Stuff

Jan 07, 2024 · by FansyMe
Starting from the beginning of 2024, platform operators and content creators who operate through digital platforms are required to report information about their activities to the tax authorities in accordance with the EU's DAC7 directive. This directive demands that operators of such platforms transmit tax-related data of their providers. This applies to individuals selling content through content creator platforms and conducting other business activities on digital platforms. It is important to note that these reports must be filed retroactively for the year 2023 and will be made available to the tax authorities from the beginning of 2024.

Additionally, platform operators and content creators must provide their tax identification number and/or place of birth in the payout settings by January 15th to comply with DAC7 requirements. It should be noted that these details only need to be provided if the amount reaches 2000 euros in the year or a total of 30 transactions (sale of goods) has occurred.


Who does DAC7 affect?

DAC7 will impact individuals who have earned income and are residents of one of the following EU countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.


How often should tax information be reviewed on FansyMe?

Tax information should be reviewed each time there is a change in the information on the form. It is the responsibility of individuals to ensure that the DAC7 form is up to date. Please review the DAC7 form to ensure that the information provided is correct.


My tax number is invalid / I have entered the wrong number

If the entered tax/VAT identification number appears as invalid, individuals should check their tax documents to ensure they were entered correctly. If issues persist, they can reach out to support and provide copies of these documents for assistance.


What happens if I move my primary residence to or from an EU country?

Moving the primary residence to or from an EU country has implications under DAC7. DAC7 applies to residents of EU countries earning income on FansyMe. If the primary residence is not within an EU country, DAC7 is not relevant. In the event of a change in primary residence to or from an EU country, FansyMe support can be contacted for guidance.
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