The EU will tax user sales on marketplaces

Online marketplaces like Amazon, eBay and Vinted they will now have to report sales made on their platforms by end users to the tax authorities. This is part of a new EU law. Private sellers will be informed when they earn more than 2,000 euros or have more than 30 transactions a year.

Online platforms will have to report sales made by European users as of January 1. This is part of the platform’s new tax transparency law, also known as DAC7. For many European countries, however, the deadline has been pushed back to the end of the first quarter.

Sales reported from €2,000

According to new EU rules, online marketplaces must report revenue from sales made by users on their platforms. In addition, user information such as partner seller name, date of birth, address, bank details, and tax ID must also be reported.

Instead of reporting the country where Amazon or Bol.com resides, the platforms must report the EU country where the user is located. However, not all merchants are liable. Individual sales qualify from 30 transactions per year or when they generate more than 2,000 euros.

2 month delay for most EU countries

The new tax law comes into effect from this year. However, more than half of the EU member states have not met this deadline for its implementation in their national laws.

This is the case in Belgium, Germany, Croatia, Cyprus, Estonia, Greece, Italy, Latvia, Lithuania, Luxembourg, Poland, Portugal , Romania, Slovenia and Spain. For these countries, the date was postponed for another 2 months.

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