The European Council adopted Council Directive (EU) 2021/514. The directive includes various changes concerning reporting obligations for platform providers towards member states' tax authorities. Sellers' and providers' obligations to report include but are not limited to the rental of immovable property, personal services, sale of goods, and rental of transport in any mode. Operators of platforms are required to verify the submitted information to a certain degree and then send certain information to the relevant tax authority such as an overview of amounts paid, platform fees, and commissions. The directive shall be effective as of 14 April 2021. The directive shall be transposed into national law until 31 December 2022. The first reporting of data will be required by 31 January 2024.
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