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What is DAC7 and how does it affect me?

What DAC7 means and how it affects you when Tiptapp reports your income to the tax authorities.

Stina avatar
Written by Stina
Updated over a week ago

Short answer

DAC7 is an EU directive that requires digital platforms like Tiptapp to report users’ income to the tax authorities once per year.
The purpose is to increase transparency and simplify tax processing – and it does not change how your tax is calculated.


How DAC7 works

Tiptapp is covered by DAC7
As a digital platform, Tiptapp must report information about users who earn money through the app.
The rules apply from 1 January 2023, and reporting is done annually.


What information is reported
Tiptapp may be required to share the following data with the tax authorities:

  • name and contact details

  • personal identity number or organisation number

  • your registered home address

  • the country where you are tax resident

  • the number of paid tasks you completed

  • how much you earned during the year

  • the bank account used for payouts


When reporting happens
Reporting takes place once per year — usually in January — for the previous calendar year.


How DAC7 affects your taxes

DAC7 does not change the rules for how income is taxed.
You must still declare your income yourself according to your local tax authority’s rules, just like before.
For questions about taxation, please refer to your national tax authority.


GDPR and your data

DAC7 gives Tiptapp a legal obligation to share certain information with the tax authorities.
This means:

  • the data may be processed and stored in order to comply with the law

  • Tiptapp must retain transaction data even if you delete your account

This follows applicable data protection regulations.


Tips

Read more about DAC7 on the website of your national tax authority.

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