Taxes (EU)

We have created this resource to address the increasing concerns and confusion among private collectors, about the potential tax implications of trading activities.

This ever-evolving resource aims to provide clarity and guidance and ensure that traders can trade with confidence.

DISCLAIMER!

This summary is for information purposes only and does not constitute legal advice. The exact provisions and requirements of this directive may vary from country to country. It is therefore strongly recommended that you contact the relevant authorities in your country for information on the relevant law. It is always advisable to consult a tax advisor or relevant authority if necessary.

What is this all about?

The EU Directive 2021/514, passed on March 22, 2021, changes the rules for how tax authorities in EU countries share information with each other. It has three points:

  1. The directive makes it easier for tax authorities to exchange information automatically. This helps them catch people who are trying to cheat on their taxes or avoid paying what they owe.
  2. It requires digital platforms, like online marketplaces, to report information about their users to tax authorities. This helps authorities track down people who might be hiding income from online sales.
  3. The directive says that if one tax authority asks another for information about someone's taxes, the second authority has to share any relevant information it has. This helps ensure that tax laws are enforced consistently across EU countries.

This simplified guide is here to help! In this overview, we'll break down the key points of the directive in easy-to-understand language, so you can grasp its implications and how it might affect you as as a private collector.

What does this mean exactly?

As an online marketplace, we are obliged to transmit transactions of private individuals to the tax office so that it can be determined whether taxes are due through the trading of sports trading cards.

What to do?

First of all - don't panic!

In Europe, each country has its own corresponding law that aligns with the EU Directive 2021/514 and regulates on what conditions taxes are due.

While we're working to provide easy-to-understand resources tailored to each country's specific legislation, we currently can only offer a link to the official EU Directive 2021/514 .

  • General AdviceSome general guidance on how you can handle this topic for the time being.
  • GermanyPlatform Tax Transparency Act (PStTG)