Next year, sales and purchases will be held online!

If until now things were fairly simple in the world of the Internet, now everything has become more complicated. All sales made on platforms like OLXAnd Chiller And other platforms were in most cases direct sales. That is, it was bought and sold and everything without much control. Now everything will change. Online buying and selling will be a more controlled process. So, if until now I sold and bought and did not have to report to anyone, in 2024 we will have stricter rules.

Next year, sales and purchases will be held online!

It was at the end of last month that General newspaper It revealed that Portugal is translating the new European rules into national legislation. Practically speaking, something immediately comes out of this. Finance will control online sales (or purchases) over €2,000. However, it is not necessary to exceed this value to stay on the radar. In fact, it is enough to make more than 30 transactions.

At this moment, the IRS is already assessing the activity of people on these platforms. This is to understand how much money is actually in circulation. Of course, no one needs to be a good researcher to realize that the sums are large.

However, Vinted, OLX, and Amazon among other platforms are some examples of what will be more controlled. Therefore, if someone exceeds their turnover by more than two thousand euros, this will have to be sent to the finance department. Although it sounds like a huge amount, it really isn’t. At the moment we are not talking about a single purchase. can be several. In addition, to achieve this, it is enough to sell, for example, an iPhone and a controller.

As we mentioned at the beginning, this will only come into effect next year. However, companies need to start gathering information now. This is to understand the state of sales in Portugal.

Although the law will not enter into force until next year, companies will be obligated, this year, to collect information about users and the value of operations, and report it to the tax authority in the country in which it is headquartered, so that it can communicate later. , for national departments of vendors.

This is due to the European directive called DAC7

But what is DAC7?

DAC7 is an EU tax directive that requires operators of digital platforms in the EU to report personal and business information about their suppliers to the tax authorities. DAC7 defines a digital platform as any software that allows sellers to communicate with buyers. This includes peer-to-peer lending, services, products, and platforms, as well as food delivery apps, car rentals, transportation services, and more.

DAC7 was created with the rules of fiscal transparency in mind and aims to ensure that no tax is declared, since, until now, the sharing economy and individual functions have made it easier to hide income tax.

Who is affected by DAC7?

The platforms affected by the reporting obligations are very simple:

Rental of both residential and commercial real estate. An example is Airbnb.
Rent any means of transport.
Providing personal services. For example, Uber, Bolt, and Wolt.
sell goods. For example, Ebay and OLX.

The information to be communicated is very simple. Includes:

• Seller identification information: name and date of birth.
• Seller demographic information, such as your primary address;
• tax identification number (NIF);
• VAT registration numbers;
• Vendor financial account identification code;
• Business registration numbers
• Amounts paid to sellers, as well as platform fees per quarter;
• the number of related activities for which they paid the seller;

However, all information must be submitted before January 31, 2024. and before January 31 of each year thereafter.