The Resource DAC 7 : another step on the tax transparency journey, with a focus on digital platforms

DAC 7 : another step on the tax transparency journey, with a focus on digital platforms

Label
DAC 7 : another step on the tax transparency journey, with a focus on digital platforms
Title
DAC 7 : another step on the tax transparency journey, with a focus on digital platforms
Creator
Subject
Language
eng
Summary
This article provides an overview of DAC 7 provisions recently introduced into Irish legislation as part of Finance Act 2021 and highlights some key areas for consideration. The tax transparency agenda of the EU has been in full flight for a number of years. DAC 6 reporting, as it is broadly known, reflects an amendment to the original EU Directive on Administrative Cooperation. The broad aim of DAC 6 was to enhance tax transparency through automatic exchange of information between EU Member States on what was regarded as, or deemed to be, “aggressive tax planning”. The tax transparency agenda of the EU has not ended there, with DAC 7 (another amendment to the Directive) swiftly following on its heels and a potential further amendment (DAC 8) coming down the path, focussed on transparency in the e-money and crypto-assets sector. Hence, this article looks at the key questions: what is DAC 7, who does it impact and what are the associated compliance obligations?
Citation source
In: Irish tax review. - Dublin. - (2022), no. 1 ; 10 p
http://library.link/vocab/creatorName
  • Roche, S
  • Ryan, A
  • Gillen, D
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • tax transparency
  • DAC7
  • digital economy
  • platform economy
  • reporting requirements
  • exchange of information
  • penalties
Label
DAC 7 : another step on the tax transparency journey, with a focus on digital platforms
Instantiates
Publication
Label
DAC 7 : another step on the tax transparency journey, with a focus on digital platforms
Publication

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