DAC7: what you need to know

DAC7 is a European directive that obliges online platforms to report the income of certain sellers to tax authorities. If you exceed the set thresholds in a calendar year, Biklo may ask you for additional information (e.g. identification data) and report the income to the tax authority. Reporting doesn't automatically create new tax obligations — it depends on your actual income — but it's important to have accurate and complete account details.

More details coming soon.