Inside DAC7: The EU’s Newest Tax Directive & Its Implementation Status [March 2023]
The EU’s newest tax directive, DAC7, which applies as of 1 January 2023, imposes new obligations on online marketplaces that have sellers based in the EU.
Pay your global suppliers faster, with the payout methods and currencies they prefer. Collect tax information, calculate withholding for suppliers around the world, and manages bulk payouts in 130+ currencies.
The hardest part of your accounts payable process just became the easiest with Trolley.
Trolley's mass payouts tool makes it easy to pay suppliers as easily as sending an email. Scale up your accounts payable with your business, no matter your size.
Automatically collect tax forms and withhold the correct amount of taxes based on every supplier's country of residence. We keep all your records and withholding levels up to date so end-of-year filing is a snap.
Keep your suppliers happier by paying them in their own currency, faster and more conveniently than via bank transfer or money order. Happy suppliers stay with you longer, improving your bottom-line.
The United States has treaties controlling how much tax needs to be withheld in dozens of different currencies to scores of different countries all over the world. Keeping up to date on the current policies and finding a fast, reliable way to send money every month or every quarter takes needless hours. Speed up your payouts with Trolley.
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