DAC7 reporting for Marketplaces and Facilitators

• Platform operators must submit their first DAC7 reports by 31 January 2025, covering the calendar year 2024.
• Canada: From January 31, 2025, digital platform operators must collect and share detailed user data. 
• EU, Singapore, UK, Australia, New Zealand: reporting period year 2024 deadline is  January 31, 2025. Prepare now for enhanced reporting requirements.

For e-commerce that receive DAC7 notice for OMP we have a pilot app Lovatio please ask for a promo code to prepare the first income tax return for free. Limited time offer – First come first serve.  Click here

VAT Reporting Deadlines: January & February 2025

Poland, Czech Republic, Romania, Slovakia, and Lithuania:

• Quarterly Reporting:
  • Q4 2024: Due by 25 January 2025.

Spain:

• Quarterly Reporting:
  • Q4 2024: Due by 30 January 2025.

EPR updates

• Denmark: Producers must join a collective collection system for packaging waste by 14 January 2025.

Top 3 Benefits of E-Invoicing You Need to Know!

Here are the top 3 reasons why businesses around the globe are making the switch:

1 Save Time and Cut Costs
Automated e-invoicing processes reduce time spent on manual data entry and eliminate the need for paper invoices. Businesses report saving up to 50% on invoicing costs!

2 Reduce Errors and Improve Accuracy
Say goodbye to human errors and discrepancies. E-invoicing ensures accurate data entry and validation, helping your business stay error-free.

3 Stay Compliant Across Borders
With government mandates and tax regulations constantly changing, e-invoicing keeps you compliant, whether you’re operating locally or internationally.

Some countries such as Germany and others introduced compulsory e-invoicing. That means that sellers need to register with Peppol and exchange e-docs with buyers and suppliers. We’ve created a comprehensive guide on e-invoicing to help your business stay compliant with changes. 👉 Download Our Free E-Book Now!

New Blog Posts

• E-Invoicing in Saudi Arabia: A comprehensive guide to Saudi Arabia’s e-invoicing requirements and compliance steps.
• DAC7 Explained: EU Regulations for Marketplaces: All you need to know about the DAC7 directive and its impact on marketplaces.
• VAT Compliance for Marketplaces in Switzerland: Key insights into VAT obligations for marketplaces operating in Switzerland.
• E-Invoicing in Germany: Learn about Germany’s upcoming e-invoicing mandates and how to prepare.

We are here to support your compliance journey. If you have questions or need assistance, feel free to reach out to our dedicated team. Contact us

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