- Electronic form for reporting data to the Central Electronic System of Payment Information (CESOP) is now available on the Financial Administration portal
- Payment service providers must submit information about recipients of cross-border payments who receive more than 25 such payments quarterly
- Providers must keep relevant data and submit required information through the electronic form to FS by the end of the month following the quarter
- The first reporting period is the first quarter of this year, with data due by April 30, 2024
- Data collected by FS will be sent to the European database CESOP for storage, aggregation, and comparison with other European databases
- This system helps EU member states detect possible VAT fraud in e-commerce by sellers based in other member states or outside the EU
- Relevant documents, legislation, and FAQs can be found on the FS portal under CESOP section
- Financial Administration is responsible for tax collection to ensure revenue for the state budget of Slovakia and the EU, and aims to enhance electronic communication. More information can be found at www.financnasprava.sk.
Source: financnasprava.sk
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.
