2024-01-28 19:55:00
Platforms such as Leboncoin, Vinted and Airbnb will have to transmit their users’ income to the tax authorities by January 31, 2024. This risks disrupting the habits of Internet users who use these sites on a daily basis. To do this, these platforms are required to declare to the tax administration the income of individuals participating in their turnover.
DAC 7: strengthening collaboration between EU Member States
The DAC 7 directive aims to strengthen collaboration between the tax authorities of the Member States of the European Union. It helps support the rapid growth of the digital economy while encouraging taxpayers to comply with their tax obligations. Platforms are only required to report users who have reached certain income thresholds.
As a general rule, all platforms must report data relating to transactions made by their users for tax purposes. All sellers of products, goods, services or classified ads meeting these conditions during a year will therefore have their information transmitted to the tax authorities before January 31, 2024.
Declaration thresholds and new European regulations
Since 2020, collaborative economy platforms must send a summary of transactions carried out by their users during the past year to the tax administration. This year, with the entry into force of the European DPI-DAC7 system, platforms like Airbnb and Leboncoin will have to make their declarations in this new format aimed at harmonizing practices across the continent.
Information required for declaration
All platforms located in France or abroad with users residing in France or carrying out sales on French territory must send a summary file to the General Directorate of Public Finances summarizing the number and amount of operations carried out by their users during the last year. If a user exceeds both thresholds, then the platform must declare their income to the tax authorities.
- Declaration deadline: January 31, 2024.
- Reporting thresholds: Platforms must only report users who have reached certain income thresholds.
- Conditions : All sellers of products, goods, services or classified ads meeting these conditions for one year.
Sanctions in the event of non-compliance of platforms
Platforms that do not comply with the obligation to inform users of their tax and social obligations might be fined a fixed fine of up to €50,000.
Tips for users
Users are advised to carefully inform themselves regarding their tax situation and check whether their income generated by the use of these platforms must be declared to the tax authorities. In some cases it may be a professional or commercial activity which must be registered with the relevant authorities.
- Check your thresholds: Only individuals meeting certain income thresholds will be taken into account.
- Comply with obligations: Users have until the end of the year to comply with this regulation.
- Secure payment : It is recommended to favor secure payment methods offered by the platforms during transactions.
How to declare income from additional activities?
To obtain additional information on declaring income from additional activities such as carpooling, rental of furnished real estate or the sale of goods, you can consult the official French government sites: impots.gouv.fr.
In conclusion, the new regulations aim to harmonize practices at European level and enable better collaboration between the tax authorities of the Member States. Users of online platforms must therefore ensure that they comply with tax obligations in order to avoid sanctions or tax adjustments.
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