- Finnish Tax Administration has published guidance on new reporting obligations for payment service providers
- Requirements introduced by Council Directive (EU) 2020/284 to combat VAT fraud
- Payment service providers must monitor payees of cross-border payments and report those who receive more than 25 payments per quarter
- Reporting must be done within one month following the end of each calendar quarter
- Guidance covers timing of reporting, information to be reported, and how the information is reported
Source: orbitax.com
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.
