Compliance Briefing — January 31, 2025
EU digital platform operators must submit DAC7 reports covering 2024 seller activity to national tax authorities by January 31, 2025, demanding verified due diligence, TIN collection, and file validation.
Executive briefing: Council Directive (EU) 2021/514 (DAC7) requires EU and certain non-EU digital platform operators to report seller revenues, consideration, and property details for the 2024 calendar year by January 31, 2025. Operators must complete due diligence on reportable sellers, validate tax identification numbers (TINs), and transmit XML files via national portals.
Key compliance checkpoints
- Seller due diligence. Collect self-certifications, verify TINs, and document reasonable efforts to obtain missing data before the reporting deadline.
- XML schema readiness. Align data warehouses with OECD/Council schema (DAC7 schema v1.0) to populate seller, property, and consideration elements.
- Governance. Establish senior manager responsibility for filing accuracy, remediation of validation errors, and retention of due diligence evidence for at least five years.
Control alignment
- Integrate with AML and KYC. Reuse know-your-customer workflows to capture identity documents, beneficial ownership data, and address verification.
- Cross-border coordination. Determine nexus in each member state, register where required, and monitor multiple reporting obligations for multinational platforms.
- Data quality monitoring. Implement automated checks for negative values, country codes, and property location accuracy to avoid rejection by tax authorities.
Enablement moves
- Schedule dry-run submissions against tax authority test environments to validate authentication, encryption, and schema adherence.
- Build dashboards summarising reportable seller volumes, missing TINs, and remediation status for finance leadership.
- Document procedures for correcting or supplementing reports within one month of discovering errors.
Sources
Zeph Tech equips platform operators with DAC7-ready data pipelines, validation controls, and executive dashboards to avoid penalties and corrective filings.