CESOP – A new reporting obligation on VAT

Starting from Q1 2024, all EU Payment Service Providers (PSPs) will be required to report on a quarterly basis the relevant cross-border payments to their local tax authority. The Central Electronic System of Payment information (CESOP) imposes new reporting obligations on PSPs to fight against VAT fraud.  

In practice, PSPs must transmit information on cross-border payments originating from Member States and on the beneficiary (“the payee”) of these cross-border payments. This measure aims to detect possible e-commerce VAT fraud carried out by sellers established in another Member State or in a non-EU country.

Listen to our on-demand webinar with tax experts from Regnology, PwC Netherlands as well as ING where we address: 

• What is CESOP and what are the reporting obligations? 
• What are the implementation updates of CESOP from one country to another? 
• What are the edge cases for Non-Cross Border vs Cross-Border? 
• What are the challenges and the readiness status of the market players?

Speakers

Andre Roos

COO | Global Head of Client Tax Service, Global CESOP Coordinator ING

Jasper van Schijndel

Director Financial Services Tax PwC Netherlands

Stefan Knol

Senior Manager Indirect Tax | ITX-FS Technology PwC Netherlands

Rémi Grossmann

Head of Regulatory Tax Regnology