The Essential Guide to DAC7

DAC7 is a directive that standardizes reporting requirements for all platform operators across the European Union (EU), and with it comes new expectations of Data Sharing in order to maintain compliance. Mastering the Data Sharing process – from the Registration of a Platform Operator to Collection of Platform Seller Identity Data to Data Maintenance to eventual Deletion – is essential to maintain compliance with DAC7. This DAC7 explainer lays out the following key points:

The types of companies DAC7 applies to
How compliance requirements are evolving for platforms
How governments collect data about the activities of platform sellers
What information must now be reported to government authorities

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