Slovakia Parliament Passes Bill to Implement EU Directive on AEOI for Digital Platform Operators

The Slovak Parliament (Narodna Rada) June 15 passed Bill No. 943, to implement the EU Council Directive on the mandatory automatic exchange of financial account information (AEOI) for digital platform operators (DAC7). The bill includes measures to: 1) establish registration and notification obligations for platform operators; 2) establish notification requirements of the tax administration; 3) establish due diligence procedures and reporting obligations of platform operators; 4) establish information communication procedures for the tax administration; 5) establish verification procedures and penalties for noncompliance; 6) establish provisions on confidentiality and protection of personal data; and 7) establish provisions for the joint supervision ...