Draft law 8207—implementing the new reporting obligations for payment services providers (PSPs)—was unanimously adopted in a first vote on 19 July 2023.
The EU legal package is constituted by a directive amending the value added tax (VAT) directive and an (updated) regulation.
As part of the PSP legal package, a new European reporting entity is created: the “Central Electronic System of Payment” (CESOP).
Source: KPMG
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