The Tax Workplace could have way more work within the coming months. As of July 1, 2024, the brand new tax legislation will probably be in power in Poland. EU DAC7 directivewhich imposes new obligations on gross sales platforms resembling Vinted, OLX or Allegro. These they concern reporting on sellerswho’ve accomplished too many transactions or exceeded their goal earnings threshold. What does this imply in observe?
DAC7 comes into play. The tax workplace will probably be busy
Fot. stockasso / Depositphotos
On 1 July 2024, the amended Act on the alternate of tax data with different nations got here into power in Poland. DAC7 imposes a brand new obligation on digital platform operators. This entails offering data to the tax administration about sellers registered on these platforms who made transactions via them. There are a number of myths surrounding the DAC7 which might be value clearing up.
Fot. RomanR / Shutterstock
Above all DAC7 shouldn’t be confused with the brand new taxwhich is to be imposed on sellers. This isn’t a tax, however solely reporting to the Tax Workplace. Nevertheless, individuals who have beforehand prevented paying taxes could also be compelled to take action by the workplace.. DAC7 goals to tighten the tax system and catch those that who keep away from paying. The gross sales platforms will verify transactions and customers within the following classes:
- promoting issues
- provision of companies (e.g. hairdressing, but additionally tutoring)
- rental of actual property (together with vacation properties)
- rental of technique of transport.
The Tax Workplace will even obtain knowledge on these sellers who exceed sure limits in the course of the 12 months:
- they’ll finalize over 30 transactions
- the full quantity of gross sales exceeds the restrict of two,000 euros, i.e. about 8600 PLN
Do consumers have something to fret about?
Photograph: Vinted / press supplies
DAC7 is not going to apply to individuals who purchase objects or are recipients of companies. Reporting will solely apply to individuals promoting on platforms. Sellers shouldn’t be involved about stories in the event that they pay taxes as a result of Income Workplace. You will need to observe that though DAC7 comes into power on 1 July 2024, Places of work could obtain stories overlaying the earlier 12 months (2023). This is because of the truth that Poland applied the EU directive with appreciable delay.
Let’s additionally add that if somebody sells issues on OLX or Vinted, for the reason that buy of which half a 12 months has handed, you wouldn’t have to pay revenue tax. After all, offered that it doesn’t conduct enterprise exercise. DAC7 can also be meant to be a software to fight unfair competitors, which was capable of flourish because of gross sales platforms.
Supply: rp.pl / personal work. Opening picture: Piotr Swat / Shutterstock
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