Consistent with our commitment to provide updated information on current tax issues, we set down below a brief overview of the provisions of the new Law 5047/2023, which transposes into Greek legislation Directive (EU) 2021/514 – DAC7.
In this edition (Download PDF)
- What is the purpose of the new regulations introduced for platform operators?
- What are the new obligations for platform operators?
- Who are the platform operators that are obliged to report?
- What are the activities performed through platforms that must be reported by platform operators ("Relevant Activities")?
- Which sellers must be reported by platform operators ("Reportable Sellers")?
- What data should platform operators collect on Reportable Sellers as part of their due diligence obligations?
- What is the timeline for completing the due diligence obligations?
- What is the timeline for the reporting of data to the competent authority?
- What data should Platform Operators report to the competent authority?
- What are the penalties for non-compliance?
- When do the new provisions become applicable?
- Apart from the provisions for platform operators, what other regulations does DAC7 introduce?
- Other provisions of the new law – Obligation of EFT/POS terminals to interconnect with the Independent Authority for Public Revenues (AADE) and submission of relevant Declaration of Compliance
