Legislative Decree no. 153 (dated 18 October 2023) adopting new reporting obligations for payment service providers within the framework of the new centralized European system for collecting and exchanging payment information—the Central Electronic System of Payment Information (CESOP) aimed at detecting and combatting value added tax (VAT) fraud in cross-border internet sales of goods and services—was published on 5 November 2023 and will be effective from 18 November 2023.
Source: KPMG
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