About the EU directive DAC7 of 2023.
The EU directive (DAC7) sets higher requirements for platform operators, such as digital marketplaces for vacation rentals, car-sharing, cleaning, and similar businesses that facilitate communication between buyers and sellers, to support the pursuit for better transparency around the European platform economy.
The new legislation applies to the entire EU with the goal of ensuring better insight into the amounts increasingly traded on digital marketplaces, such as ShareWine.
The objective is thus not to collect taxes on the sale of private belongings.
Our reporting obligation applies for sellers who either have:
- more than 30 sales in a year
- sell for more than 15,000 DKK / 2,000 € in a year.
The rules around potential taxation on income from wine sales differs from country to country. If you are in doubt, we recommend contacting your local tax authorities.