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CESOP and VAT Fraud: Key Regulations 2020/283 and 2022/1504 – July 8, 2024 – Economic News

  • The new circular 2049/2024 concerns the competent services of AADE and payment service providers
  • Regulations (EU) 2020/283 and (EU) 2022/1504 aim to combat VAT fraud in e-commerce
  • CESOP system created to combat VAT fraud, with technical measures, duties of the Commission, and security measures
  • Circular 2049/2024 communicates Regulations for implementation
  • Regulation (EU) 904/2010 establishes rules for cooperation and combating VAT fraud
  • Regulation (EU) 2020/283 amends Regulation 904/2010 to create CESOP for information exchange
  • CESOP system created for cross-border e-commerce targeting consumers in different EU member states.

Source: taxheaven.gr

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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