The European Union (EU) is in the process of launching the Central Electronic System of Payment information (“CESOP”) on 1 January 2024. The first reporting is due in April 2024.
CESOP is a key instrument to detect VAT fraud in the e-commerce market in the EU. Importantly, it imposes obligations on payment service providers (“PSPs”) to provide details of cross-border payments to CESOP, to allow tax authorities to detect potential VAT fraud. The rules are aimed at detecting both EU and non-EU sellers. The run up to CESOP has been challenging for both tax authorities and PSPs.
The webinar is pleased to discuss and highlight:
- The latest guidance and Q&A on CESOP, which have just been released, right before the launch of CESOP;
- Market insights on CESOP implementation;
- CESOP tooling available to PSPs;
- A country update on technical and legal implementation measures;
- How to manage your CESOP risks.
The presenters in the session will include:
- Jochum Zutt, Director, Indirect Tax, KPMG in the Netherlands
- Natalia Nazim, Assistant Manager, Indirect Tax, KPMG in Luxembourg
- Olga Larionova, Business Analyst, Regnology
