Potential legal consequences of not providing my data for the DAC7 requirement.
As part of the DAC7 Directive, Spotahome is obligated to report your financial activities to the relevant tax authorities each year. Failure to provide accurate information, or providing false or incomplete details, may lead to penalties, including fines or further legal action, depending on the laws of your country. The penalties could vary across EU member states, and it’s important to comply with your local tax regulations. For detailed information about potential consequences, please refer to your country’s tax authority portal or consult a tax professional.
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I am not an EU resident, can Spotahome share my data with the tax authorities?
Yes, as long as you have any rental activity within any Member State of the European Union we will have to report your income to the tax authorities based on the EU DAC7 regulation.
Impact of the DAC7 regulation for you as a Spotahome Client
If you rent out your property through Spotahome, we will collect certain information about you and your earnings. This information will be reported to the Spanish tax authorities, which means your rental income will be visible to the tax office and ...
What if I don't want to provide my data for the DAC7 requirement?
If you do not provide the required information, Spotahome is legally obliged to freeze all your payouts and limit your activities within our platform until you provide your data . Alternatively, Spotahome must close your account after two reminders ...
European Tax Formats
Country Identification Type (Individual / Company) Example (Individual / Company) Austria National Identification Number (Steuerliche Identifikationsnummer): 10 digits 1234567890 / ATU12345678 Company ID (Umsatzsteuer-Identifikationsnummer): "U" ...
Information You Need to Provide to complete DAC7
The DAC7 directive requires Spotahome to report all taxpayers information via the Spanish Tax Authority (AEAT). Information will be reported from you regardless of your country of residence. The following information is required to be reported: ...