Finland: Guidelines for digital platform operators on AEOI reporting under EU Directive

Guide No. VH/661/00.01.00/2023 was issued by the Finnish Tax Administration on April 26, outlining the reporting requirements for digital platform operators under the EU Council Directive 2021/514, which mandates the automatic exchange of financial account information (AEOI) (DAC7). The guide covers several topics, including:

1. Obligation of platform operators to collect seller information for reporting to the tax authorities by the end of January of the following year;
2. Notification requirements for covered activities, including sales over 2,000 euros (US$2,207) when a seller has at least 30 sales during the reporting period;
3. Annual declaration requirements, including information on platform operators, sellers, essential activities, and consideration amounts;
4. Definitions of key terms, due diligence procedures, and specific obligations;
5. Requirements for reporting by entities located in several EU countries;
6. Consequences for non-compliance, including penalties.

Source: vero.fi

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