Germany: Guidance on obligations of payment service providers, other VAT developments
Guidance regarding obligations of payment service providers within framework of new centralized European system
Guidance on obligations of payment service providers, other VAT developments
The Federal Ministry of Finance (BMF) on 28 December 2023 published guidance (III C 5 - S 7420/20/10007:004) regarding the obligations of payment service providers under § 22g UStG within 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 combatting value added tax (VAT) fraud in cross-border internet sales of goods and services.
The BMF guidance contains more detailed information on:
- Material and personal scope of application
- Procedure for transmitting records
- Sanctions
Read a January 2024 report [PDF 585 KB] prepared by the KPMG member firm in Germany
Other recent VAT developments that may affect businesses in Germany include the following items:
- CJEU: Activity of a member of the board of directors of a public limited company (read TaxNewsFlash)
- Lower Tax Court Cologne: § 14c UStG and Union Law
- Lower Tax Court Berlin-Brandenburg: Copyright warnings
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.