DAC 7 and Wayfair: VAT/Sales Tax Compliance in Europe and the U.S.

september 2021

thu30sep9:00 am10:00 amDAC 7 and Wayfair: VAT/Sales Tax Compliance in Europe and the U.S.

Event Details

Just as we saw with the Wayfair in the US, DAC7 will be a game changer regarding tax compliance in the EU. Under the EU’s new DAC7 rules, as of January 1, 2023 operators of digital platforms (even if outside the EU) will be required to register in an EU Member State and to report sellers who use their platforms. This information will be shared within the EU and will be used for value added tax and income tax compliance checks by the tax administrations. In addition, a new EU value added tax system for business-to-consumer (B2C) e-commerce sales came into force on July 1, 2021.

Platform-based sellers in the US will be affected, as they were when Wayfair was decided. The concept of “digital presence” is now adopted widely by states for sales tax purposes, resulting in a logistical nightmare for remote sellers. Several states have asserted that digital presence is an appropriate nexus for imposing franchise tax.

The Master Tax Seminar will address these developments in Europe and the U.S. from both technical and practical viewpoints.

Stanley C. Ruchelman, Ruchelman P.L.L.C., New York City
Peter Utterstrom, Peter Utterstrom Advokat AB, Stockholm

Alvan L. Bobrow, Partner of Barton L.L.P., New York
Paul Kraan, Partner of Van Campen Liem, Amsterdam
Nick Magone, C.P.A., Managing Partner Magone & Company, P.C., Roseland
Niklas Schmidt, Partner of Wolf Theiss, Vienna

Thursday, September 30, 2021 

9:00 a.m.–10:00 a.m. EDT

1.0 credit in Areas of Professional Practice
(NY transitional and nontransitional)


For more information, contact Ashley Oliver at ashley.oliver@nyls.edu.