The Ministry of Finance in Belgium has recently released a Frequently Asked Questions (FAQ) addressing the obligations of digital platform operators imposed by DAC7 (Council Directive (EU) 2021/514).
Under DAC7 rule, the digital platform operators must gather, authenticate, and report information about sellers using their platform to sell goods or services. The DAC7 rule enhances the exchange of information and collaboration among the tax authorities of Member States.
The FAQ document includes details on DAC7, the digital platform requirement to submit declarations, the definition of a seller, the scope of activities, insights on the application of penalties, and more.
The new obligations which became effective from 1 January 2023 have been incorporated into Belgian legislation by Law of 21 December 2022. Platform operators are required to complete due diligence procedures by 31 December of each calendar year of operation. However, for the first reporting period, an extension is granted until 31 December of the second reporting period.
This extension is applicable to sellers who were already registered on the platform as of 1 January 2023 or on the date when an entity first qualifies as a reporting platform operator.
