1. What is DAC7?
DAC7 is a new regulation from the European Union that requires online platforms to report certain information about their users to tax authorities. This regulation applies to all European broadcasters and studios using our platform.
2. Why do you need my information?
Under DAC7, we must collect and report specific information about users subject to EU taxation. This helps ensure transparency and compliance with EU tax regulations.
3. What information will be collected?
The information collected will include identifying details such as your legal name, address, and tax identification number (TIN), among other necessary information as outlined by DAC7 guidelines.
4. What happens if I don’t provide the requested information?
Starting in January, any broadcaster or studio that hasn’t provided the required information will be unable to receive payments. Submitting this information is crucial to avoid disruptions in your payments.
5. When and how should I provide this information?
We will begin collecting this information in November. When you log in, you’ll receive a prompt with instructions on how to submit your details securely.
6. How will my information be used?
Your information will be used solely for compliance with DAC7 requirements. It will be reported to the relevant EU tax authorities as mandated by law and handled in compliance with data privacy regulations.
7. Who can I contact if I have questions or concerns?
If you have further questions or concerns, please contact our Customer Care Team at payments@cam4.com.