The European Council reached a general approach on a set of rules to facilitate detection of tax fraud in cross-border e-commerce transactions.
The new rules will enable member states to collect, in a harmonised way, the records made electronically available by payment service providers, such as banks. In addition, a new central electronic system will be set up for the storage of the payment information and for the further processing of this information by national anti-fraud officials.
Read more: Council
