The Spanish Council of Ministers proposed a Bill to enhance administrative cooperation in tax and tax transparency for digital platforms (DAC7). The bill which enters into force on 1 January 2023, covers measures that:
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More about DAC7
The Directive on Administrative Cooperation (DAC7) was proposed by the European Commission with an intent to extend the EU tax transparency rules to digital platforms. Member States will automatically exchange information on income generated by sellers on digital platforms. This will not only allow national authorities to identify situations where tax should be paid but will also reduce the administrative burden placed on platforms, who have to deal with several, different national reporting requirements.
Source: hacienda.gob.es