The Luxembourg Administration of Direct Tax (Administration des Contributions Directes - ACD) has announced the publication of updated FAQs concerning the registration and declaration of information requirements for platform operators under the law of 16 May 2023 on the mandatory automatic exchange of information to be declared by platform operators (the DAC7 Law). The FAQs provide details regarding the interpretation and implementation of the DAC7 Law. The update includes the addition of a new section 8 concerning the obligations of sellers and the taxation of counterparties in Luxembourg. This includes the clarification that the DAC7 Law has not created any...