EU Survey: implementation of new reporting rules for EU Payment Services Providers to fight VAT Fraud
On 18 February 2020, the EU Council adopted a legislative package relating to the transmission and exchange of payment data in order to improve the fight against e-commerce VAT Fraud.
This legislative package creates new reporting obligations for EU payment service providers, which will require them to transmit data on the payee of cross-border payments to the tax authorities. The legislation specifies the payment service providers and the type of payment services which will be subject to this reporting obligation.
The European Commission has published a survey for actors in the payment industry in order to gather their views on the implementation of this legislative package.
The survey will run until 17 April at 20.00 (CET).