CESOP is an urgent business challenge

CESOP, the EU’s new Central Electronic System of Payment information has been created to support efforts to close the VAT gap in the EU. From 2024, all EU Payment Service Providers will be required to report transactional data of cross-border payments. By collecting data on cross-border payments, the EU expects to collect VAT that was previously unpaid due to errors and fraud.

Source Deloitte


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