GT News

Taxes, accounting, law and more. All the key news for your business.

| October 4, 2022

New reporting obligation for digital platforms (DAC 7) has been approved by the Chamber of Deputies

Share article:

On 30 September 2022, the Chamber of Deputies of the Czech Republic approved an amendment to the Act on Administrative Cooperation in the Field of Taxes. It is to introduce a new reporting obligation for digital platforms, through which income can be generated by providing services, selling goods or renting real estate or vehicles (e.g. Airbnb, Booking, Uber, Liftago, Aukro, Bazoš, Facebook, etc.).

According to the amended law, from 2023, operators of these digital platforms should obtain and store information about users, who generate income from selected activities on these platforms. The information to be collected includes, but is not limited to, the number of transactions made and the amount of revenue generated by each user.

As the amendment has already been approved by the Chamber of Deputies of the Czech Republic, we assume that its approval by the Senate of the Czech Republic and subsequently by the President of the Republic will probably take place by the end of this year, i.e. in accordance with the EU requirement to implement the Directive by the end of 2022.

You can read more detailed information about the amendment to the Act on Administrative Cooperation in the Field of Taxes HERE.
If you are affected by the new notification requirement or would like more detailed information, please do not hesitate to contact us.

Author: Michal Hlaváč