Finnish Tax Administration Issues New CESOP Guidance for Cross-Border Payment Transactions

• Finnish Tax Administration issued guidance on EU’s Central Electronic System of Payment Information (CESOP)
• CESOP requires payment service providers to report information on certain cross-border payment transactions
• Guidance is in line with EU payment service providers directive to combat VAT fraud
• Guidance includes details on who must submit reports and which transactions should be reported
• Reporting obligation effective from 1 January 2024 on a quarterly basis

Source: taxathand.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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