DAC7 Archives - Gigapay
Why DAC7 Is A Good Thing for European marketplace businesses

Why DAC7 Is A Good Thing For European Marketplace Businesses

Some may argue that the adoption of DAC7 is not a good thing for EU businesses, as European marketplace businesses will incur expenses and administration as they comply. Not forgetting, sellers of goods and services (like creators or giggers) might find the request for additional information as intrusive. However, we don’t see it as allRead More...

What Is the Gig Economy? Definition, Pros & Cons

What is the Gig Economy? Definition, Pros & Cons

The gig economy is a billion-dollar industry, with over 55 million gig workers in the US. With more and more companies springing up every day, there’s no doubt that the gig economy has come to stay. The term “gig economy” is a free market system where businesses or professionals hire skilled workers, contractors, freelancers, orRead More...

What Is DAC7 And Why You Should Care

What Is DAC7 And Why You Should Care

On March 22, 2021, the EU Council imposed a new Directive on Digital platforms to foster tax transparency. As you already know, the pandemic was a hard hit on the economy.  In a bid to recover, it gave birth to the seventh Directive recently imposed on digital businesses. As many digital marketplaces achieved tremendous growthRead More...