A new EU legislative package will, as of 1 January 2024, require payment service providers (‘PSPs’) providing services covered under Directive (EU) 2015/2366 (‘PSD II’) to keep a record of payment transactions and to report this to the tax authorities of EU Member States through a Central Electronic System of Payment information (‘CESOP’).
Source Deloitte
Latest Posts in "European Union"
- Comments on ECJ C-121/24: Non-payment of declared VAT does not constitute VAT fraud
- European Parliament Approves Simplifications to Carbon Border Adjustment Mechanism (CBAM)
- Comments on ECJ C-472/24: In-game gold: AG Kokott’s advice on VAT exemption, vouchers & margin scheme
- AG Kokott’s Opinion: VAT Exemption, Vouchers, and Margin Scheme for In-Game Gold Trading
- EU Reaches Agreement on 2028 Customs Reform
