DAC7: Understanding the EU Directive
European Tax Numbers Formats
Country Identification Type (Individual / Company) Example (Individual / Company) Austria National Identification Number (Steuerliche Identifikationsnummer): 10 digits 1234567890 / ATU12345678 Company ID (Umsatzsteuer-Identifikationsnummer): "U" ...
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 ...
Legal basis for collecting your information under the DAC7 regulation.
As per the DAC7 (Council Directive (EU) 2021/514), Spotahome is obliged to collect and share the data about our users who receive income from renting out properties on our platform, or are a registered landlord or property manager with us and either ...
I have listings in more than one country, what information does Spotahome need to report DAC7?
We are required to report your activities in any Member State based on your tax identification number (TIN), so you will need to provide your TIN from where you are a resident and any other you may have from where you have listings.
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.
If I deactivate my account, will my information be shared to the tax authorities?
Yes, if your deactivation request was made on or after January 1st 2023, we will report any information we have to the tax authorities following the EU DAC7 regulation. If your account was deactivated prior to this date, we will not share any ...
Does Spotahome need to verify the information I provide for the DAC7 requirements?
Spotahome must ensure the accuracy of the collected information and may need to verify it through official documents or databases. This information is reported to the Spanish tax authorities (AEAT), who will then exchange it with other EU Member ...
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 ...
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 ...
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: ...
Will Spotahome inform this obligation once?
The DAC7 directive is an annual obligation, usually reported in January of each natural year. The data shared is based on all income you have received from us and information compiled from the previous year.
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 ...
Does the DAC7 apply to me?
This EU Directive would apply to you if you earn income from renting accommodations through Spotahome, whether you are a legal resident of an EU Member State or receive income from a property located within the legal borders of the European Union.
What is DAC7?
The EU Directive DAC7 is a regulation that requires digital platforms to report information about their users and the income they earn through platforms like Spotahome to tax authorities. This information is then shared among other EU Member State’s ...