DAC7: notice for sellers

Version 2026-10-02. In force from 2026-10-02.

In short

• Under the EU directive DAC7, platforms report sellers to the tax authority every year.
• Soundium reports to the Lithuanian State Tax Inspectorate (VMI) sellers who made 30 or more sales in a year or received more than €2,000.
• When you get close to the threshold, we'll ask you by email to fill in your tax details (once a year).

1. When this applies to you

Completed sales are counted: the item price plus your own shipping price, minus refunded amounts.

2. What data we collect

In your account, in the “Tax details (DAC7)” section:

• first name and surname;
• date of birth;
• address (street, city, postcode, country);
• taxpayer number and the country that issued it;
• VAT code, if you have one;
• bank account (IBAN).

We store your taxpayer number and IBAN encrypted. We pre-fill your name, surname and address from the details Stripe has verified. We calculate the number of sales and the amounts ourselves.

3. What we report and when

• We submit the report to VMI once a year for the previous year, by the deadline set by law.
• We report your data (section 2), the number of sales and amounts, and Soundium fees.
• The Soundium team sends you by email what we reported about you.
• VMI may pass the data on to the tax authority of your country of residence.

4. If you don't provide the data

The law requires the platform to obtain this data. If you don't provide it, the Soundium team will contact you by email and may suspend your payouts or selling until the data is provided.

5. Storage

We don't delete DAC7 data automatically; we keep it for as long as the law requires.

6. Legal basis

Directive (EU) 2021/514, Article 61-3 of the Law on Tax Administration of the Republic of Lithuania, and the Order of the Head of VMI of 2022-12-23 No. VA-95.