DAC7 is an EU directive applicable to all digital platforms that enable the sale of goods or services, including property rentals. Under this directive, Wunderflats is legally obliged to collect your tax information. And as a landlord renting out through Wunderflats or similar platforms within the EU, you are responsible for providing this information.
Provide tax informationWhy Is DAC7 Compliance Important?
Providing the required tax information is mandatory under the EU directive. This will allow you to:
How to Update Your Tax Information
Renting out privately
means you are a natural person or a sole proprietor. To provide your information, follow these simple steps:
1
Go to the “My account” page and select “Billing details”.
Go to My Billing Details2
• Look for billing details with the “Missing Information" label, click edit, and fill in the “Tax information” section. Click “Update billing details” to save your data.
• If you don’t have any billing details saved, click “Add billing details” and fill in all fields in the “Tax information” section. Click “Save” to submit your data.
3
• Navigate to your Dashboard
• Select a listing, click Edit listing, and update the Billing information section by choosing your newly updated billing details from the drop-down menu
• Repeat for all your listings if you have multiple
Renting out commercially
Means you are a legal entity, e.g. a business, a limited liability company” (i.e. GmbH), or a civil-law partnership (GbR). To provide your information, follow these simple steps:
1
Go to the “My account” page and select “Billing details”.
Go to my Billing Details2
• Look for billing details with “Missing Information", click edit and enter your “Tax Number”, “Country of issue of the tax number” as well as “VAT ID” and “Company Registration Number” (if applicable). Click “Update billing details” to submit the data.
• If you don’t have any billing details saved, click “Add billing details” and enter your information. Click “Save” to submit your data.
3
• Navigate to your Dashboard
• Select a listing, click Edit listing, and update the Billing information section by choosing your newly updated billing details from the drop-down menu
• Repeat for all your listings if you have multiple
Frequently Asked Questions
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.
If you’re unable to accept listing requests for a particular listing, it’s likely due to missing tax information or billing details. Here’s how you can easily update this information:
For landlords with a private account:
1. Log in to your Wunderflats account and click on your profile in the top right corner.
2. Go to 'My account' and click on 'Profile'.
3. Enter your date of birth information, then click on 'Save profile'.
4. Go to 'Billing details' and click 'Add billing details' to enter your tax-ID. Click 'Add billing details' again to save.
For landlords with a commercial account:
1. Go to your My account page and select your “Billing details”
2. Click on the edit icon and enter the “TAX ID number” and “Company registration number”
3. Click on "Update billing details" to save.
No need to worry, your existing bookings won’t be impacted. However, if you’ve completed a booking, we’ll require your tax ID by the end of the current year to stay compliant.
Yes, you can continue accepting booking requests. However, if you’ve had a successful booking, we’ll need your tax ID by the end of the current year to ensure compliance. If you don’t provide this information by then, you won’t be able to accept new booking requests for that particular listing until it’s updated.
Absolutely! You can still create new listings and make updates to your current ones. However, accepting new booking requests for any listing that’s missing tax information won’t be possible until the details are provided.
