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Italy Implements New Reporting Obligations for Payment Service Providers to Combat VAT Fraud

Italy has issued Legislative Decree No. 153, effective from 18 November 2023, implementing new reporting obligations for payment service providers from 1 January 2024 as per Council Directive (EU) 2020/284. Payment service providers must monitor payees of cross-border payments and report information on those receiving more than 25 cross-border payments per quarter to Member State administrations, as part of efforts to combat VAT fraud.

Source Orbitax


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