- Introduction of § 22g UStG under JStG 2022 requires payment service providers to keep records of cross-border payments
- BMF issued guidelines on the application of the new regulation and granted an extension for the first report submission
- BMF references CESOP guidelines for interpretation of the new rules
- Special recording and reporting obligations for payment service providers since January 1, 2024
- Information on payments in Germany for cross-border transactions must be recorded and reported to BZSt
- Data is collected and analyzed in the central electronic payment information system (CESOP)
Source: datenbank.nwb.de
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.
