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KYC (Know Your Customer) and DAC7
KYC (Know Your Customer) and DAC7

Why KYC is required when creating a host account.

Thiago Barbosa avatar
Written by Thiago Barbosa
Updated over 10 months ago

DAC7 introduces new rules affecting all sellers and renters on a platform. For Acamp, it applies to property rentals, including parking spaces and pitches, considered "real property." This means as a host, you must log into your Acamp account and provide the information required by the new EU directive.

What is DAC7?
DAC7 is an EU directive that changes the rules for sharing information about online sales income. This change affects not just Acamp but all marketplaces with users residing in the EU. With the implementation of DAC7, we now submit documentation for anyone who rented out pitches in 2023.
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Does this change my tax liability?
The change only involves sharing of information; there is no alteration in your tax liability or the amount you owe. If you're unsure about your tax obligations for your sales or need personal tax advice, we recommend contacting the Tax Agency for reliable answers or visiting the Tax Agency's FAQ on DAC7.


​What information does Acamp share with the Tax Agency?
Acamp, like other platform operators, is required to disclose information to the Tax Agency. The information shared includes:

  • Seller's/Renter's identity details such as personal identification number, name, address, country, and for companies, corporate identification number, etc.

  • Number of transactions and their value.

  • Fees charged by Acamp.

How often is the information shared with the Tax Agency?
We share information once a year, starting in 2024. We will inform you about the information we have submitted to the Tax Agency. The information you provide is mandatory and dictated by an EU directive. All EU-based hosts are included.
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Read more about these changes at the Swedish Tax Agency.

Last Updated: 2024-01-29

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