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What Does DAC7 Mean for Me?
What Does DAC7 Mean for Me?
Melle van Asbeck avatar
Written by Melle van Asbeck
Updated over a month ago

Due to European legislation, we are required to share certain seller information with the Tax Office. Don’t worry—this doesn’t mean you’ll need to pay additional taxes on your earnings. Here’s what you need to know:

We are obligated to report sellers who have more than 30 sales or total earnings exceeding €2000 within a calendar year to the Tax Office. This is purely an administrative requirement and does not automatically result in taxes on your earnings.

What does this mean for you?

  • After 25 sales, we’ll prompt you to provide any missing information.

  • After 28 sales, if you haven’t yet submitted the required details, we’ll temporarily disable cash-out requests.

  • Once you’ve provided the necessary information, all restrictions will be lifted!

What information do we need from you?

  • Your Tax Identification Number

  • Your full name

  • Your address

  • Your IBAN or bank account number

If these requirements apply to you, we’ll send a separate email with instructions. Be sure to submit your information on time to avoid any account restrictions. For more details on this legislation, please visit the Tax Office’s website.

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