European Union: Implemented Directive 2021/514 including reporting obligation

The Council Directive (EU) 2021/514 had to be transposed by member states until 31 December 2022. The first reporting of data is required by 31 January 2024.The directive includes various changes concerning reporting obligations to member states' tax authorities by platform providers. Sellers' and providers' obligation to report include but are not limited to 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 overview of amounts paid, platform fees and commissions.