On 12 September 2022, the Commission Implementing Regulation (EU) 2022/1504 of 6 April 2022 was published in the Official Journal of the European Union. The implementing regulation lays down detailed rules for the application of Council Regulation (EU) No 904/2010 as regards the creation of a central electronic system of payment information (CESOP). CESOP is created as part of a package adopted in 2020 on mandatory transmission and exchange of VAT-relevant payment information, including new rules for the collection of payment information from payment service providers for the detection of tax fraud in cross-border e-commerce transactions. The implementing regulation enters into force on 2 October 2022 and applies from 1 January 2024.
Source Orbitax
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