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These are new rules to “face the challenges posed by the economy of digital platforms”, adopted today by the Council of the EU and which will enter into force as of January 1, 2023, which cover digital platforms located both within as outside the EU. (like Facebook or Instagram), in a statement it informs the structure where the member states are represented.
Through a revision of the European directive on administrative cooperation in the field of taxation, as of that date, “there is an obligation for operators of digital platforms to communicate the income obtained by sellers on their platforms and for Member States to exchange this information automatically ”. , explains the Council of the EU in the statement.
In particular, according to the City Council, the new regulations “will allow national tax authorities to detect the income obtained through digital platforms and determine the relevant tax obligations.”
“Compliance will also be easier for digital platform operators, as notification will only take place in one Member State, in accordance with a common EU framework,” he adds.
Quoted in the note, Portuguese Finance Minister João Leão notes that this is “an important update to EU rules, which will help ensure that sellers active on digital platforms also pay their share of taxes.” .
“It is particularly welcome at a time when more and more sales are being made over the Internet and when the covid-19 pandemic is putting pressure on public finances,” said the official representing the Portuguese EU presidency.
João Leão also considers that “the EU is setting an example to the world by extending its rules for the automatic exchange of information to the economy of digital platforms”.
This review aims, therefore, that European tax regulations extend to companies promoted, for example, through social networks such as Facebook or Instagram, which have been growing, specifically due to the pandemic and the restrictive measures adopted to companies. physical sales.
However, despite this growing number of people and companies using digital platforms to sell goods or provide services, this income is typically not reported or taxed.
This situation leads Member States to end up losing tax revenue and creates inequalities compared to traditional shops and stores.
In July 2020, the European Commission proposed rules for greater fiscal transparency in the EU, with the aim of obliging those who earn money through ‘online’ platforms to pay taxes according to the income collected, in order to avoid tax evasion.
According to the Council, the amendments to the Directive on administrative cooperation in the field of taxation also aim to improve the exchange of information and cooperation between the tax authorities of the Member States.
This will allow, for example, the competent authorities of two or more Member States to carry out joint audits, in a framework that will be operational in all countries from 2024.
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