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

Sweden has published the Act amending the Tax Procedures Act (Law No. SFS 2023:638), which provides for the implementation of new reporting obligations for payment service providers from 1 January 2024 as introduced by Council Directive (EU) 2020/284 of 18 February 2020 amending Directive 2006/112/EC as regards introducing certain requirements for payment service providers.

Source: Orbitax

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