From 2024, all EU PSPs will be required to record and report transactional data of cross-border payments. This includes banks, electronic money institutions and other regulated payment institutions. When implementing CESOP, companies must navigate between multiple stakeholders and their interests. If you provide payment services covered by PSD2, you need to start assessing the extent of the impact and form a proportionate, effective and timely response.
Source: Deloitte
Latest Posts in "European Union"
- EU Sugar Taxes: Diverse Approaches to Reducing Sugary Drink Consumption Across Member States
- Transfer Pricing and VAT Post-Arcomet: Unresolved Debates in Taxation’s Complex Landscape
- ECJ Rules VAT Refund Processing for Non-EU Buyers is Taxable Service, Includes VAT in Price
- EPPO Seizes €28 Million in Assets in €40 Million VAT Fraud Investigation
- ECJ C-121/24 (Vaniz) – AG Opinion – Joint VAT liability requires existing debtor; no liability post-liquidation
