CESOP

Tax Desk CESOP service for banks and payment institutions.

For businesses that provide cross-border payment services (e.g. banks, electronic money institutions, and other regulated payment institutions) within the EU.

Important information about CESOP

If your business provides cross-border payment services (e.g. banks, electronic money institutions, and other regulated payment institutions) within the EU, you need to know how to communicate with the Central Electronic System of Payment information, or CESOP.

Effective from January 1, 2024, payment service providers are required to transmit information on cross-border payments to the administrations of the relevant EU Member States. All EU Member States will share and store the collected information in CESOP, the centralized European database. Data in CESOP will be used to combat VAT fraud.

What happens next?

Every affected payment service provider will need to send detailed records of payees and payments every calendar quarter to each EU country they remit to or from. Each member state provides technical specifications for communicating the required payment records, so the details involved in complying with CESOP regulations can vary across different countries.

Tax Desk manages CESOP registration and CESOP reporting for some of the largest financial institutions in the world. We can manage your registrations in all countries across the EU and can submit the required data in the correct format on your behalf at the end of each quarter to help you remain compliant.

If you’d like to find out more please contact us at [email protected] to arrange a call with one of our specialists.

What does our CESOP service include?

Tax Desk can offer you a fully managed CESOP solution including;

  • CESOP Registration in all EU member states
  • Automated CESOP report generation for all EU member states
  • Quarterly CESOP report submissions in all EU member states
  • Local engagement support with relevant authorities across the EU
  • Notification handling in all EU member states

Service fees

We have low fixed fees per country for our CESOP services from just:

  • CESOP Registration: €495 (One-off charge)
  • CESOP Report Generation: €125 (per quarterly report)*
  • CESOP Report Submission: €225 (per quarterly submission)*

*Advance payment needed for a 12-month minimum term

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