Hungary Gazettes Amendments on DAC7 Reporting Requirements for Digital Platform Operators

The Hungarian Official Gazette Nov. 4 published Law No. XXXIX, amending tax laws affecting digital platform operators to transpose EU Directive 2021/514 (DAC7). The law includes measures: 1) requiring platform operators required to provide data by Jan. 31 of the year after the data provision period, to inform reportable sellers of the amount paid or credited during the provision period; 2) specifying a 10-year data record keeping requirement for platform operators related to due diligence and the requirement to provide data; 3) requiring platform operators that must provide data to Hungary, to notify tax authorities of the data quality within ...