To ensure that renting through SnappCar remains safe, transparent, and compliant with regulations, we are required to verify our owners. This is due to the introduction of DAC7, a European directive that mandates online platforms to collect and report specific user data to tax authorities.
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What Is DAC7?
DAC7 (Directive on Administrative Cooperation) is a European legislation that came into effect in 2023. Its goal is to create more transparency regarding income earned through online platforms. Platforms like SnappCar are required to share information about owners’ rental income annually with the tax authorities in the country where they are liable for taxes.
What does this mean for you as an owner?
To comply with DAC7, we are obligated to:
1. Verify your identity: This includes verifying your personal details such as name, date of birth, and address.
2. Report income: We are required to report rental income to the tax authorities. This does not affect your usage of the platform!
3. Ensure transparency: By verifying your identity, we make sure that your data is handled correctly and securely.
How does the verification work?
The verification process is simple and secure:
1. Upload a valid driving license via Profile > Verifications > Owner > ID Verification.
2. Check and confirm your details.
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Important: Your verification as an owner will not impact your usage of the platform. For more information about DAC7, we encourage you to visit the website of De Belastingdienst.