Payment service providers are obliged to share all payment data of cross-border transactions with the tax authorities under certain conditions. This is stated in a draft bill that has been submitted for internet consultation.
The purpose of the draft bill is to implement the Payment Service Providers Directive ((EU) 2020/284) into national law. The implementation leads to changes in the OB Act 1968.
All 27 tax authorities of the Member States must provide these payment data to an anti-fraud database in Brussels. The Member States’ fraud experts will then carry out analyzes in this database. The purpose of this regulation is to detect VAT fraud in cross-border transactions. The directive has been approved for the European GDPR.
Implementation of the directive must take place by 1 January 2024.
Interested parties can respond to the internet consultation until 20 January 2022.
Source Taxlive.nl
