Under EU Council Directive 2020/284, Payment Service Providers (PSPs) in the EU are required to keep electronic records of payment data for cross-border payments and submit these records, via local tax authorities, to a newly established central EU-database, the Central Electronic System of Payment information (CESOP).
Source: PwC UK
Latest Posts in "European Union"
- IOSS vs OSS: What’s the Difference in EU VAT Schemes?
- Application for VAT Number: A Comprehensive Guide for Businesses in the EU
- General Court VAT Case T-308/25 (Direktsia „Obzhalvane i danachno-osiguritelna praktika“ – Plovdiv) – Order – Proceedings stayed pending CJEU decision in C-121/24
- All you need to know about VAT in the Digital Age (ViDA)
- 2025 Global VAT / GST Changes