17/04/2023 (Agence Europe) – On Thursday 13 April, the European Commission adopted an implementing regulation on the automatic exchange of information from third countries on revenues generated by sellers on digital platforms. This regulation establishes criteria for determining whether third country information exchange regimes can be considered equivalent to the reporting requirements of the ‘DAC7’ directive on administrative cooperation in the field of taxation (see EUROPE 12683/32). The Commission will assess the definitions in the national law of the third country or under an agreement with a Member State regarding the reporting platform operator, the reportable sellers and the relevant activity in order to determine equivalence. It will also assess the national due diligence procedures, reporting requirements and administrative rules and procedures of the third country. To consult the rules: https://aeur.eu/f/6c7 (AD)