Tax transparency is now a reality in the digital world. The DAC7 directive forces online Platforms to report information about their users. At Consultinfo, we analyze how this data exchange affects sellers.

What activities do Platforms monitor?

Hacienda no longer just supervises traditional bank accounts. Now, Platforms must report sales of goods and services. This also includes the rental of real estate or vehicles. If you rent a tourist apartment, your data is already in the system.

The goal is to prevent tax fraud in the sharing economy. Therefore, Platforms verify your Tax ID and your professional address. They also provide the total amount of your transactions every quarter.

The special case of real estate rentals

For owners, the level of requirement is much higher. Platforms report the cadastral reference and the exact address. They also indicate the number of days the property was rented. This information is automatically exchanged among all countries in the European Union.

If you are a foreign investor in Spain, this control is critical. Cross-referencing data makes it mandatory to correctly declare the IRNR. Careless management can lead to serious audits.

How to protect yourself as a seller or landlord?

There are certain “excluded sellers” from this information rule. This happens if you make fewer than 30 sales and earn less than €2,000 per year. However, for all other profiles, prevention is the best tool. Platforms must notify you before sending your data to the Tax Administration.

At our consultancy, Consultinfo, we review your income on these Platforms professionally. This way, we avoid unexpected penalties or surcharges due to errors in your tax return.