Belgium has transposed European Directive (EU) 2020/284 into its VAT legislation, requiring Payment Service Providers (PSPs) to keep detailed records of cross-border payments and provide information to tax administrations on certain cross-border payments. PSPs must report quarterly to the tax authorities in XML format via the MyMinfin platform, and the data will be forwarded to the Central Electronic System Of Payment information (CESOP), which will store, compare, and analyze the information provided by the Member States to combat VAT fraud. The reporting obligations apply to both the payee and the recipient PSPs, but there are exemptions for payments made to non-EU recipients or between buyers and sellers within the same Member State. The law will enter into force on January 1, 2024, and the first reporting must be submitted before the end of April 2024.
Source VATConsult
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