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 but not before 60 days of the initial request. In any case, we will report the information we hold about your activities with us.
Once you have provided all required information, Spotahome will resume all pending payouts.
Related Articles
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 ...
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.
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: ...
Exercise your GDPR rights under the DAC7 regulation.
If you want to exercise your data rights (rights of access, rectification, erasure, portability, etc.) under the General Data Protection Regulation (GDPR), you can do so by sending your request to help@spotahome.com. We will check if we have ...
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" ...