What are your thoughts on DAC7 ?
What is the difference to DAC6 ?
Many online platform operators are asked to get those informations from their sellers. (also those non-EU but acting within EU)
Does it also affect their business partners ?
Thanks for clarifying.
Cheers
sorry i mixed DA7 with this new directive.
so in summary, all big payment processors like (stripe, hyperwallet etc) will report to EU tax authorities transactions made through them. First report will be by January 2024 (for calender year 2023)
Or do you think when the Payer is outside US and...
Platforms which solely allow processing of payments related to the “Relevant Activities” (see below), allow users to list/advertise a Relevant Activity or redirect/transfer users to a platform, are excluded from the reporting obligations (e.g. PayPal, Stripe, Facebook marketplace).
Relevant...
But isn't Wise USD account located inside U.S.A? At least it says when you check account information.
But anyways i dont trust Wise, because of abovementioned criteria..
Hello everyone,
What would you recommend if you'd receive monthly certain amounts from
a US company via hyperwallet in order not to have it reported via CRS.
Sent money only to USD account on wise ?
Open physically an account in US ?
As a non US citizen the company does not care ...
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