TaxBit Launches DAC7 Compliance Solution for Digital Marketplaces

NEW YORK, Oct. 12, 2023 /PRNewswire/ -- TaxBit, the leading tax and accounting compliance solution for the digital economy, announced its DAC7 compliance solution, designed to automate tax compliance for online marketplaces based in the EU or paying sellers in the EU. The newly launched offering, TaxBit DAC7 Compliance Solution, establishes a seamless data collection workflow for new and existing customers, streamlining the collection, storage, remediation of issues, and information verification, then generating the end-of-year report to EU member states.