The New DAC7 Rules
The New DAC7 Rules
1 January 2023 saw the member states of the European Union adopt a series of laws commonly called DAC7.
> DAC7 is an EU tax transparency law that requires the world's online marketplaces, like Nomad Stays, to provide a lot more reporting to tax authorities about the rental of immovable property in the EU,.
(Several non-EU countries have also introduced similar rules;, Australia, Canada, UK, Norway etc.)
This follows a concerted push by the OECD to have all digital platf...