CESOP E-commerce fraud coming

[Jade33]

New measures to fight VAT fraud using payment data

ec.europa.eu

 

[Newsecar]

Hi.

I've been trying to find more info about this even here and looks like people are not very concerned about this. But it's a big thing coming.

 

[zzzzzz]

Hi.

I've been trying to find more info about this even here and looks like people are not very concerned about this. But it's a big thing coming.

More info:

Central Electronic System of Payment information (CESOP)

Transmission and exchange of payment data to fight VAT fraud

taxation-customs.ec.europa.eu

FAQ:

https://taxation-customs.ec.europa.eu/system/files/2023-11/Q%26A%20-23.11.23_0.pdf

 

[JohnLocke]

It must become hell for the PSPs to have to administer this, and then it will certainly become more expensive to handle card payments in the future.