Effect of EU-directive DAC7 for parks working with owners

DAC7 is an EU-directive aimed at improving the tax transparency of income earned through digital platforms. The directive requires digital platforms to report income earned by users on their platform to the tax authorities.

If an owner rents out their own property through a holiday park and receives rental income, the holiday park is viewed as a digital platform under this directive. It is therefore the responsibility of the holiday park to comply with DAC7 regulations and report the required data.

We facilitate this process by filtering and organising the necessary data, such as rental income, fees, and information on the owner's tax residency from the data present in the PMS. These data will then be accessible in a DAC7 report.

Which data is required for the DAC7 report?

Owner Identification:

• Full name (for individuals) or company name (for companies)
• Tax Identification Number (TIN)
• VAT Number
• Date of birth (for individuals)
• Company registration number
• Permanent address and country of residence

Banking Information:

• Bank details of the owner, the account where rental income is paid out to (IBAN or account number)

Object Information:

• Address of the rental property
• Property LOT number
• Type of property (Segment of the type)

Rental Activity Information:

The data below is generated in Booking Experts, no additional input is needed.

• Number of reservations
• Number of rented days (equals number of nights)
• Total net income earned by the owner from renting out properties
• Fees or commissions charged by the platform

What is the deadline for the DAC7 report?

The first reporting deadline under DAC7 is 31 January 2025, for the income earned through activities that occurred in 2024. It will be a yearly recurring report.

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