- CESOP requires communication for foreign transfers
- Foreign transfers made by a payment service provider to pay invoices are subject to communication obligations
- The obligation applies if certain requirements are met (number of cross-border transactions, location of the beneficiary’s payment service provider, etc.)
- The clarification was provided by the Italian Revenue Agency on January 19, 2024.
Source: ipsoa.it
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.
