Source Michel Schrauwen
What is CESOP?
- Payment Service Providers in the EU will need to report cross-border payments on a quarterly basis as from Q1 2024 (first reporting due by 30 April 2024)
- The rules have similarities with other tax driven obligations (FATCA/CRS and DAC6, 7 and 8) and apply to payments originating from an EU Member State
- Detailed information on the transactions, including identification of the beneficiary of the payment (payee) will need to be shared with local tax authorities
Newsitems posted on www.vatupdate.com related to CESOP
BELGIUM
- EU developments : DAC 7, CESOP, e-invoicing, e-reporting… can you still follow?
- VATConsult Newsletter – December 2022
CZECH REPUBLIC
EUROPEAN UNION
- 100th meeting of the Standing Committee on Administrative Cooperation (SCAC)
- Central Electronic System of Payment information (CESOP) – Transmission and exchange of payment data to fight VAT fraud
- CESOP – An EU-wide VAT transactional reporting obligation for payments
- CESOP – new EU wide VAT record keeping and transactional reporting obligations for PSPs
- CESOP Expert Group: Second call for applications for the selection of members
- CESOP Guidelines from the European Commission
- EC proposal to implement Central Electronic System of Payments (CESOP) (proposal made in Dec 2018)
- E-commerce package and exchange of payment information in e-commerce
- EU CESOP payment system & blockchain to detect VAT fraud
- EU developments: DAC 7, CESOP, e-invoicing, e-reporting… are you still following?
- EU Implementing Regulation for Payment Information System for Payment Service Providers
- EU Payment service providers’ seller 2024 VAT reporting – regulation adopted
- EU Policy Developments in April 2022
- Highlights of the Policy developments in the European Union as of Jan 1, 2022
- Highlights of the Policy developments in the European Union as of Jan 1, 2022
- How to prepare for CESOP?
- Management Plan 2021 DG TAXATION AND CUSTOMS UNION
- Multi-country reporting under CESOP
- New measures to fight VAT fraud using payment data approved by the European Council
- Status of the DAC7 implementation in the EU
- Status of the DAC7 implementation in the EU
- VAT fraud: the Implementing Regulations published on CESOP
- VAT in e-commerce: the Commission takes a step further in the fight against fraud
NETHERLANDS
- CESOP: reporting cross-border payments for VAT from 2024; bill submitted
- Dutch CESOP proposal sent to House of Representatives
- Proposed legislation implementing cross-border payment reporting obligation beginning 2024 (CESOP)
POLAND
