My Company: DAC7 Information
In the "DAC7 Information" section, you provide all legally required company data needed under the EU DAC7 directive. This information serves tax transparency purposes and is reported by platform operators such as simple system to the tax authorities. This article explains which details are required, why they are collected, and how they are used in the context of the legal requirements.
Table of contents
Overview of DAC7
DAC7 is an EU directive on tax transparency on digital platforms. Operators of digital platforms are required to collect certain information about vendors and report it to the tax authorities.
Since simple system, as an online marketplace operator, is headquartered in Germany, the Platform Tax Transparency Act (PStTG) applies. This law implements the DAC7 directive in Germany.
As a result, vendors on the platform must provide certain company data.
Which information is provided
In the DAC7 Information section, various details about your company are stored.
These include, among others:
- Whether the organisation is a government entity or is publicly traded
- Commercial register number and country of issue
- Tax number and country of issue
- List of EU countries with branches
- Bank details
This information is used to fulfil the statutory reporting obligations under the DAC7 directive.
It is also shown which user last edited the details.
Background on the DAC7 directive
The DAC7 directive requires operators of digital platforms within the European Union to report tax-relevant data about vendors.
This includes, for example:
- Company information
- Tax identification data
- Certain revenue information
This information is transmitted to the relevant tax authority to ensure tax transparency.
Further information on the DAC7 directive can be accessed via the corresponding information section within the platform.
FAQ
Why do I have to provide DAC7 information?
The details are legally required, since platform operators must report certain vendor data to the tax authorities.
Who has access to this information?
The data is used exclusively for the purpose of fulfilling the statutory reporting obligations.
Can I change the information later?
Yes. Changes can be made at any time in the DAC7 Information section.
Which companies are affected by DAC7?
Generally, all companies that offer goods or services via digital platforms within the EU.
Video guide
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Need help?
Do you have questions about DAC7 information or the statutory reporting obligation? Our technical support team will be happy to help.
Email: support@simplesystem.com
Phone: +49 (0) 89 / 998 2987 00
Phone support hours
Monday–Thursday: 8:00 AM–4:00 PM
Friday: 8:00 AM–3:00 PM