DAC7 FAQ
What is DAC7?
DAC7 is an EU directive that changes the rules and regulations regarding reporting of taxable income. This directive is applicable to marketplaces that are active within the EU, not only Tradera.
Previously the reporting of taxable income was reactive which meant that every marketplace had to send over information to the tax authorities upon request. This directive changes the reporting to proactive reports of sales figures for every user that sells more than 30 items or for more than 2000 Euro in a year.
Does the DAC7 change how much I can sell before I have to declare it as income?
No, the change only affects the reporting of sales.
If you need guidance regarding if and when you need to pay taxes for your sales we recommend that you contact the local tax authorities.
Which information is Tradera requiered to report to the tax authorities?
The following information will be reported to the tax authorities:
- Information about the sellers identity such as name, VAT-number/personal identification number, address and country
- The total number of transactions and amount
- Any fees that you have paid to Tradera such as comission fee, add ons and listings fees
- Which account the transactions have been paid to
How often does Tradera share information with the tax authorities?
We report once per year and the first report will be sent in January 2024. You will be notified by us when this happens as well as which information we have provided.