DAC7, also known as the "Directive on Administrative Cooperation in the field of Taxation," is an EU directive that mandates digital platforms, including LocalBini, to report specific information about the sellers using their platform. Within the context of the LocalBini platform, the Local Hosts are the sellers.
DAC7 is an extension of the existing Directive 2011/16/EU and aims to facilitate the automatic exchange of data between Member States for tax transparency in the sharing economy. DAC7 ensures that tax obligations are properly addressed and reported, preventing any potential tax evasion or non-compliance.
LocalBini is committed to complying with DAC7 regulations to maintain tax transparency and accountability within the sharing economy.
For more information please consult our legal terms.