- New transparency rules implemented in the EU to combat VAT fraud
- Rules focus on e-commerce, which is prone to VAT non-compliance and fraud
- Payment service providers (PSPs) must monitor payees of cross-border payments
- Information on recipients of more than 25 cross-border payments per quarter will be transmitted to EU Member States
- Information will be centralized in a new European database called CESOP
- CESOP data will be made available to Member States via Eurofisc, the EU’s network of anti-VAT fraud specialists
Source: blogs.pwc.de
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "European Union"
- ECJ VAT C-409/24 to C-411/24 – Judgment – Reduced VAT Rate Excludes Non-Accommodation Ancillary Services
- ECJ C-436/24 (Lyko Operations) – Judgment – Loyalty Points in Customer Reward Schemes Are Not VAT Vouchers
- ECJ C-472/24 (Žaidimų valiuta) – Judgment – VAT Exemption Denied for Virtual Money Transactions
- ECG T-96/26 (TellusTax Advisory) – Questions – VAT deductions in the event of different VAT treatment between Member States
- VIDA Measures applicable from 1 January 2027
