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CESOP: VAT reporting for PSP’s – January 2023: Overview current status if implementation in EU

Source Michel Schrauwen


What is CESOP?

  • Payment Service Providers in the EU will need to report cross-border payments on a quarterly basis as from Q1 2024 (first reporting due by 30 April 2024)
  • The rules have similarities with other tax driven obligations (FATCA/CRS and DAC6, 7 and 8) and apply to payments originating from an EU Member State
  • Detailed information on the transactions, including identification of the beneficiary of the payment (payee) will need to be shared with local tax authorities

Newsitems posted on www.vatupdate.com related to CESOP

BELGIUM

CZECH REPUBLIC

EUROPEAN UNION

NETHERLANDS

POLAND

 

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