1. PURPOSE
This DAC7 Reporting Notice explains the obligations of Infee and its users under Council Directive (EU) 2021/514 (DAC7) and any implementing national legislation.
DAC7 introduces mandatory reporting obligations for digital platform operators facilitating certain income-generating activities within the European Union.
This Notice forms an integral part of the Master Terms of Use, Influencer Agreement, and Merchant Agreement.
2. ROLE OF INFEE
Infee operates a digital marketplace platform facilitating affiliate and performance-based income between Merchants and Influencers.
Where legally required, Infee may qualify as a “Reporting Platform Operator” under DAC7 or equivalent legislation.
In such cases, Infee is legally obligated to collect, verify, and report certain information to competent tax authorities.
3. REPORTABLE USERS
Under DAC7, certain users earning income via the Platform may be subject to reporting, including:
- Individual Influencers resident in an EU Member State
- Legal entities registered in an EU Member State
- Users earning reportable consideration through the Platform
Reporting obligations may apply regardless of the legal form of the user.
4. INFORMATION THAT MAY BE COLLECTED
To comply with DAC7, Infee may request and process the following information:
- Full legal name
- Residential or registered address
- Country of tax residence
- Tax Identification Number (TIN)
- VAT number (if applicable)
- Date of birth (for individuals)
- Business registration number (for entities)
- Total consideration paid or credited during the reporting period
- Bank account details used for payouts
Users are responsible for ensuring that provided information is accurate and up to date.
5. REPORTING OBLIGATIONS
Where applicable, Infee may report to the competent tax authority:
- Identity details of reportable users
- Total gross consideration paid or credited
- Number of transactions
- Any fees or commissions withheld
Tax authorities may exchange such information with other EU Member States.
6. USER OBLIGATIONS
Users agree to:
- Provide accurate tax identification data upon request
- Update information if tax residency changes
- Cooperate in verification procedures
Failure to provide required information may result in:
- Suspension of payouts
- Withholding of funds
- Account suspension
Infee shall not be liable for consequences arising from incorrect or incomplete information provided by the user.
7. DATA VERIFICATION
Infee may take reasonable steps to verify tax identification information, including:
- Requesting official documentation
- Cross-checking publicly available registers
- Requesting confirmation statements
Infee may rely on information provided by the user unless there is clear reason to believe it is incorrect.
8. DATA RETENTION
Data collected for DAC7 purposes may be retained for the period required under applicable law.
9. LIMITATION OF LIABILITY
Infee shall not be liable for:
- User tax reporting obligations
- Additional tax assessments
- Penalties arising from user non-compliance
DAC7 reporting does not replace the user’s personal tax obligations.
10. UPDATES
This Notice may be updated to reflect changes in EU or national legislation.
Continued use of the Platform constitutes acceptance of such updates.