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DAC7 guidance for businesses
DAC7 guidance for businesses
Updated over a week ago

As a platform operator, Hopoti is required by the new EU directive DAC7 to report certain information about Hopoti sellers in the EU each calendar year starting in 2023.

Each reportable seller will receive a prefilled DAC7 Form to fill out the required seller information. Forms are sent via email and chat to all administrators personally, and you can also contact Hopoti Support to request a new link.

Only one filled DAC7 Form is required per business per year. Hopoti will take care of all the reporting duties โ€“ no further action is needed after filling out the form.

๐Ÿ“Š Reporting โ€“ what is included?

EU sellers with certain types of sales that fall into the DAC7 must be reported yearly by the platform (Hopoti) to the local tax authorities (Finland) that share this information with other EU Member States. The report includes information about the seller (see below), and DAC7 obligated sales from each quarter.

๐Ÿ’ณ Sales โ€“ which payments are reported?

By default, we report all sales as DAC7 obligated, as most of them fall into one of these categories in Hopoti:

  • Personal services (e.g. riding lessons)

  • Rental of immovable property (e.g. facility hires)

  • Sale of goods (e.g. merchandise)

  • Rental of transport (e.g. travel packages)

The seller can request to mark some of their sales as not obligated by DAC7 by providing compelling evidence and contacting Hopoti Support.

โš–๏ธ Legislation โ€“ is this required?

Yes, by the EU directive (Council Directive (EU) 2021/514) and the implemented national legislations, you, as the Seller, are required to provide the necessary information and ensure that they are correct, and we, as the Platform, are required to report this information forward every year. Additionally, if we can't receive the required information from the Seller, we must disable the Seller from our platform.

๐Ÿ’ผ Seller information โ€“ what is needed?

Each reportable seller will be sent a prefilled DAC7 form by Hopoti, which needs to be confirmed and filled by the seller each year before the due date. Please see below for the information required for different sellers.

Sellers who are "Company"

Example: Companies, Partnerships, Nonprofits and others

  • Legal business name

  • Primary address

  • All Tax Identification Numbers (TIN) issued to seller

  • VAT identification number, where available

  • Business registration number

Sellers who are "Individual"

Example: Sole traders

  • First and last name

  • Date of birth

  • Primary address

  • All Tax Identification Numbers (TIN) issued to seller

  • VAT identification number, if the seller has one

  • In the absence of a TIN or VAT, the place of birth of the seller

Sellers who are "Excluded"

The following excluded sellers do not have reporting obligations under DAC7:

  • Government entities.

  • Entities listed on a stock exchange.

  • Sellers of goods with less than 30 transactions and for a total amount of โ‚ฌ2,000 in the reportable period.

  • Sellers that rent the same immovable property listing through the platform more than 2,000 times during the reportable period.

The seller can request to be marked as excluded by contacting Hopoti Support.

๐Ÿ›Ÿ Any questions?

We're trying to make these new requirements as smooth as possible for you and will do all the heavy lifting with reporting. If you have any questions, please let us know in the chat or by email at Thank you for your co-operation!

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