EU Directive 2020/284 introduced new record-keeping and potential reporting obligations on European payment service providers (PSPs) effective 1 January 2024.
Background
The Council of the European Union adopted Regulation (EU) 2020/283 and Directive (EU) 2020/284, under which PSPs will be obliged to share payment data of cross-border transactions with the tax authorities under certain conditions.
Source Fonoa
