MRDP/DAC7 - Overview

Taxbit currently supports MRDP/DAC7 Reporting in the following jurisdictions.

See below for the specific thresholds related to the jurisdictions above –

Income Type	Reporting Jurisdiction	Threshold
Services	All of the above	1 or more quarters with a non-zero value
Goods	EU and United Kingdom	One of the following must be true: 30 or more transactions, OR Value must exceed 2,000 EUR during the year
	Canada	One of the following must be true: 30 or more transactions, OR Value must exceed 2,800 CAD during the year
	New Zealand	Goods are not reportable

See below for all of the deadlines relevant for MRDP/DAC7 reporting.

January 31st
- Recipient copies must be issued to recipients in the EU, Canada, and the United Kingdom
- XMLs must be filed with the EU, Canada, and the United Kingdom
February 7th
- Recipient copies must be issued to recipients in New Zealand
- XMLs must be filed with New Zealand

For more information related to MRDP/DAC7 Reporting, see below –