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Slovenia Implements New Reporting Obligations for Payment Service Providers to Combat VAT Fraud

Slovenia has enacted amendments to the VAT Law, implementing new reporting obligations for payment service providers from 1 January 2024 as required by Council Directive (EU) 2020/284. Payment service providers in the EU must monitor cross-border payments and transmit information on recipients of more than 25 cross-border payments per quarter to Member States’ tax administrations to combat VAT fraud.

Source Orbitax

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