What is DAC7?

DAC7 is a newly introduced EU-law regulating and monitoring tax related activities on online platforms. With this, the platform operators must report relevant activity to the authorities.


Therefore, Restocks must collect and report extensive (personal) information from reportable sellers including name, main address, date of birth, tax identification number, fees, commissions, or taxes withheld or charged by the platform during each quarter of the year.


As of the first of January 2023, the new reporting rules apply to any digital interfaces. This includes mobile apps, that connect suppliers of certain goods and services with potential customers, which includes Restocks.

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