(1) Part 38 of the Principal Act is amended by the insertion of the following section after section 891I:

"891J. Return of certain information by Reporting Platform Operators

(1) This section provides for the collection and reporting of certain information by reporting platform operators in respect of relevant activities undertaken by reportable sellers on their platforms.

(2) In this section -

'active seller', 'additional activity', 'agreement in effect', 'consideration', 'entity', 'excluded seller', 'financial account identifier', 'goods', 'platform', 'platform operator', 'primary address', 'property listing', 'relevant activity', 'relevant service', 'reportable jurisdiction', 'reportable period', 'reportable seller', 'reporting platform operator', 'seller' and 'TIN' have the same meaning as in the Model Rules;

'excluded platform operator' means a platform operator registered under subsection (3) that demonstrates to the satisfaction of the Revenue Commissioners under paragraph (d) of that subsection that the excluded platform operator is not a reporting platform operator to which subsections (4) and (5) apply;

'Model Rules' means the Model Rules for Reporting by Platform Operators with respect to Sellers in the Sharing and Gig Economy approved by the Organisation for Economic Cooperation and Development on 29 June 2020 and the Model Reporting Rules for Digital Platforms: International Exchange Framework and Optional Module for Sale of Goods approved by the Organisation for Economic Cooperation and Development on 17 June 2021;