DAC 7 is an EU tax directive that requires online platforms (such as Sellpy) to report information about their users' sales and earnings to local tax authorities.
Sellpy is legally required to collect and report revenue and tax information from sellers who reach a certain sales or revenue level. If you meet the requirements, you are required to provide certain personal data by completing the DAC 7 form.
This legislation came into effect on January 1, 2023, and reporting must be completed each calendar year. The first report must be submitted no later than January 31, 2024 (for the calendar year 2023).
Do I have to complete the DAC 7 form?
You must complete the DAC 7 form when you meet any of the following conditions:
You have sold 30 items or more during the calendar year
You have earned over 2000€ from your sales on Sellpy during the calendar year
We will contact you to complete the DAC 7 form if you meet any of these conditions - we will notify you via email and your balance view on Sellpy.
If you do not meet these conditions, you do not need to complete the DAC 7 form. Sellers who are exempt from reporting obligations are:
Authority units
Listed companies
Sellers for whom the platform has sold goods on fewer than thirty occasions and for less than 2000€
What information must I provide?
All information submitted is printed below, note that some information is sent directly by Sellpy and some needs to be entered by you in the form. Make sure your details are correct, the completed DAC 7 form will be sent to your local tax authority.
Sellpy needs to submit the following information:
Full name:
Your full legal name (including any middle names) as it appears on your identity document or passport.
Date of birth:
DD / MM / YYYY
Residence / Primary Address:
Your domicile or registered address.
Tax identification number (TIN) and issuing country:
In most of the EU member states, personal identification numbers are TIN numbers, but in other countries the tax registration number can consist of letters or numbers that each country's tax authority assigns to you as a tax identification number. If you have a tax domicile abroad, you must provide your foreign tax registration number (TIN, Taxpayer Identification Number) to Sellpy.
TIN (also known as):
Social security number
Coordination number
Personal identity number
Coordination number
Organization number
Here you will find the TIN of all EU countries.
What data we report to the tax authorities (from your Sellpy account):
Bank account details used for withdrawing Sellpy balance, or your IBAN or equivalent (BBAN).
Name of the bank account holder:
(Only if it differs from the name registered on Sellpy)
Amount of revenue per quarter:
Your earnings as a seller on Sellpy every quarter.
Number of completed sales per quarter:
How many sales you have completed each quarter.
Please note: One sale is counted either as
A single transaction where one item is sold
A single transaction where several items are sold in the same ad
Receiving tax authority:
This depends on in which EU member state you are liable for taxation.
Country of income tax:
Payment of income tax in the EU member state where you are liable for taxation.
What happens if I don't complete the DAC 7 form?
We will send several reminders to complete the DAC 7 form when required.
If you do not complete the form after our reminders (or if you do not provide your information at all), we will need to restrict certain access to Sellpy immediately:
You will not be able to make withdrawals from your balance
Please note that you can still purchase items on Sellpy, but you will not be able to convert more Sellpy credits from your balance as a payment method
How does this affect my taxes?
It is important to know that our reporting to your local tax authority does not affect your obligation to pay taxes. The new reporting rules do not change the taxation of your income. You still need to follow the existing rules for taxing the income that you receive from sales through platforms like Sellpy. Contact your local tax authority for questions or read more on your local tax authority’s website.
Good to know
All data required from you is processed strictly in accordance with Sellpy's data policy.
How does reporting relate to GDPR?
The new rules give Sellpy a legal obligation to share certain user data with your local tax authority. This is the legal basis for the processing of personal data for this purpose. We are obliged to save information about your transactions in order to be able to report them to your local tax authority. This means that even if you delete your Sellpy account, we need to keep the information we need to fulfil our obligation to report your transactions to your local tax authority.
What if I have sold items for someone else?
We will report users who we can identify to have used our services to sell goods. If you sell things for someone else and do not keep the proceeds yourself, we recommend that you document this by, for example, writing an agreement with the person you are selling for. In this way, you can show it to your local tax authority if they ask you to tax such income.
Where can I read more?
If you have more questions about what the new rules mean or need legal guidance, you can read more on the website of your local tax authority.
Can I access my DAC 7 report?
Yes, you who have submitted the DAC 7 form can access the report via your Sellpy account. Go into your account settings and click on "Download DAC 7 report". The report is sent as a PDF to your registered email address within 30 minutes.