From 1 January 2024, EU member states will start to impose reporting requirements on payment services providers (PSP’s) relating to their sellers’ activities.
PSP’s are third-party companies that allow businesses to accept electronic payments. These companies tend to be credit card, bank and online payment providers, and they act as intermediaries between those who make payments (customers) and those who accept the payments for a supply (suppliers).
- PSP’s reporting and record-keeping requirements
- EU member states that have already adopted these changes
Source: FiscalSolutions
Latest Posts in "European Union"
- Tax Professionals Back VAT Fraud Measure, Urge Temporary Use
- Agenda of the ECJ/General Court VAT cases – 2 Judgments till July 7, 2026
- European Commission Issues Guidance on €3 Customs Duty for Low-Value E-Commerce Imports Effective 1 July 2026
- ECJ & General Court VAT Cases decided in 2026
- EGC T-383/25 (Segelbootwartung) – AG Opinion – Swiss boat repair in Germany: VAT due without customs declaration.
