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Public Italy Author: Kristina Dosen
Last week, Italy published Legislative Decree No. 153 to implement EU Council Directive 2020/284 on combating VAT fraud in cross-border e-commerce after it was approved by the Council of Ministers. It is about the administrative tools to combat VAT fraud in international e-commerce more effectively. Let us find out more on this.
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Content accuracy validation date: 28.11.2023
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It is about the administrative tools to combat VAT fraud in international e-commerce more effectively. The obligation refers to payment service providers in Italy that are required to maintain electronic records of cross-border payments and beneficiaries every quarter. The decree aligns Italy’s VAT fraud laws with EU regulations and will be effective January 1, 2024. It is all in accordance with the framework of the new centralized European system for collecting and exchanging payment information—the Central Electronic System of Payment Information (CESOP), aimed at detecting and combating value-added tax (VAT) fraud in cross-border internet sales of goods and services.

 

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