Introduction to DAC7

DAC7 is an enhancement to an existing EU directive [Directive 2011/16/EU], which aims at improving tax cooperation across EU nations. Wunderflats, as a German company operating within the EU, has to report specific legal information about the landlords using our platform, along with their property listings, to the German Tax Authorities.

DAC7 applies to all digital platforms facilitating the sale of goods or services, including property rentals. As Wunderflats is such a platform, we fall under its purview.

What Does DAC7 Mean for You?

Under DAC7, as an EU company, we are required to collect and report specific information (please see the following section: Information shared with the EU tax authorities) about our landlords and their rental transactions (see table below in the following section: Information shared with the EU tax authorities). This information will be reported annually to the German Tax Authorities and takes effect from 1. January 2023. This means that if you're a landlord using Wunderflats, your rental income is subject to DAC7 reporting.

This data will then be circulated amongst tax authorities of different EU member states and is designed to streamline tax collection processes. It's anticipated that local tax agencies will utilize this data, possibly to pre-fill sections of your tax returns and ensure accuracy in tax reporting.

Data Security and Legal Obligations

We prioritize the confidentiality and security of the data we collect. Wunderflats adheres to strict data protection policies, ensuring that your personal and transactional information is handled with the utmost care and security.

Wunderflats is committed to full compliance with DAC7 regulations. This means we diligently gather and report the necessary information to meet the requirements set forth by the directive. These regulations are part of our effort to ensure transparency and accountability in digital transactions.

How to submit the necessary information

To submit the required tax information, please follow these steps:

1. Log in to your Wunderflats account and select your Landlord profile picture.

2. Go to your My account page and click on Billing details.

3. Open the billing details where you want to submit the taxpayer information by selecting the edit icon.

4. Enter the required information, then click on Update billing details to save.

To submit your Birth date and Place of birth, please follow these steps:

1. Log in to your Wunderflats account.

2. Select your Landlord profile picture and choose Profile.

3. Enter the required information, then click on Save profile to save.

Support for Landlords

At Wunderflats, we understand that navigating these new requirements can be challenging. We are here to provide support and guidance to our landlords. Our team is dedicated to assisting you with any questions or concerns regarding DAC7 and its impact on your listings.

For landlords with listings in multiple countries, the tax requirements under DAC7 are as follows:

Primary Residence in the EU: If your main residence is in an EU member state, you should provide your Tax Identification Number (TIN) for that country.

Property-Specific Information: For each listing, include the land registration details of the property's location.

Managing Listings for Others: If you're managing listings for a property you don't own, it's crucial to use the property owner's tax information. When managing multiple properties on your account, your taxpayer information should be provided for each listing. Additionally, you might be responsible for reporting the property owner’s tax information to the relevant authorities as part of DAC7 compliance.

For Landlords who do not want to share their information

If you choose not to provide the required taxpayer information for your account and listings by the specified deadline, Wunderflats will be compelled to submit any relevant data we already have to the tax authorities. Furthermore, we will be legally obligated to restrict your access to our platform for listing purposes.

Information shared with the EU tax authorities

In adherence to DAC7 requirements, Wunderflats is required to gather and share specific information about advertisers with listings on our platform with the EU tax authorities, namely:

Type of Landlord	Data to be reported
From an individual	- Full name - Primary residence address - Country of residence - Date of birth - VAT identification number, if you have one - Wunderflats service fees - Number of listings, and revenue earned per quarter through Wunderflats for those listings - Financial account identifier(s) of the bank account or other payment services account - Type of property listing, and number of days the property was rented during the reportable period - Name of the bank account holder (if payout was to an account that's not in the advertiser’s name) - Tax Identification Number, from the country of residence, and from each country you have a listing in (per individual advertiser/co-advertiser) - Listing address - Land registration number
From a business	- Business/legal name - Business registered address - VAT identification number, if registered - Wunderflats service fees - Number of listings, and revenue earned per quarter through Wunderflats for those listings - Financial account identifier(s) of the bank account or other payment services account - Type of property listing, and number of days the property was rented during the reportable period - Business registration number - Tax Residence - Tax Identification Number, from the country of residence, and from each country you have a listing in (per individual advertiser/co-advertiser) - Listing address - Land registration number - If the advertiser has listings outside their country of residence, a permanent residence address. - For advertisers with more than 2,000 property rentals, supporting documents or information for verification.

Tax Identification Number

A Tax Identification Number (TIN) is a unique identifier assigned by local tax authorities for tax management purposes. It's known by various names in different countries, such as national number, tax code, or security number. For DAC7 compliance, the focus is on the TIN related to income tax, distinct from VAT numbers used for value-added tax registration. When providing your TIN, ensure it adheres to the format specific to your country. This precise formatting is crucial for the proper management and reporting of tax-related activities under DAC7.

Country	Name of Tax ID	Individual	Business
Austria	- Tax Identification Number	9 digits	9 digits
Belgium	- National Number - Business Identification - NumberBelgian Company Number	11 digits	10 digits
Bulgaria	- Unified Civil Number - Personal Foreigner's Number - Unified Identification Code - Unified Identification Code of BULSTAT	10 digits	9 digits
Croatia	- Personal Identification Number	11 digits	11 digits
Republic of Cyprus	- Tax Identification Code	8 digits + 1 letter	8 digits + 1 letter
Czech Republic	- Personal Identification Number	9 or 10 digits	“CZ” + 8 digits to 10 digits
Denmark	- Central Person Registration Number - CVR Number - SE Number	10 digits	8 digits
Estonia	- Personal Code - Unique Registration Code	11 digits	8 digits
Finland	- Social Security Number - Business Identity Code	6 digits + (+ or - or “A”) + 3 digits + 1 digit or letter	7 digits + “-” + 1 digit
France	- Tax Identification Number - SIREN Business identification Number	13 digits (first digit is always 0, 1, 2, or 3)	9 digits
Germany	- Identification Number - Tax Number - Tax Identification Number	11 digits	10 digits to 13 digits
Greece	- Tax Identification Number	9 digits	9 digits
Hungary	- Tax Identification Number - Tax Number	10 digits	11 digits
Ireland	- Personal Public Service Number - Tax Reference Number - CHY Number	7 digits + 1 letter7 digits + 2 letter	7 digits + 1 letter, 7 digits + 2 letter“CHY” + 1 to 5 digits
Italy	- Fiscal Code - Tax Identification Number	6 letters + 2 digits + 1 letter + 2 digits + 1 letter + 3 digits + 1 letter	11 digits
Latvia	- Personal Identity Number - Tax Identification Number	11 digits	“9000” + 7 digits“4000” + 7 digits“5000” + 7 digits
Lithuania	- Tax Identification Number - Tax Registration Number	10 digits or 11 digits	9 digits or 10 digits
Luxembourg	- National Identification Number - National Identifier	13 digits	11 digits
Malta	- Identity Card Number - Unique Taxpayer Reference Number	7 digits + 1 letter9 digits	9 digits
Netherlands	- Tax Identification Number	9 digits	9 digits
Poland	- Polish Resident Identification Number - Tax Identification Number	10 to 11 digits	10 digits
Portugal	- Tax Identification Number	9 digits	9 digits
Romania	- Tax Identification Number	13 digits	2 digits to 10 digits
Slovakia	- Tax Identification Number - Unique Personal Identification Number	10 digits	10 digits
Slovenia	- SI Tax Number	8 digits	8 digits
Spain	- National Identification Document - Foreigner Identification Document - Tax Identification Number	8 digits + 1 letter“L” + 7 digits + 1 letter“K” + 7 digits + 1 letter“X” + 7 digits + 1 letter“Y” + 7 digits + 1 letter“Z” + 7 digits + 1 letter“M” + 7 digits + 1 letter	1 letter + 8 digits1 letter + 7 digits + 1 letter
Sweden	- Social Security Number - Co-ordination Number - Organization Number	10 digits	10 digits

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