Law 81/2023 of December 28 was published, transposing Directive (EU) 2020/284 into national law, with regard to the introduction of certain obligations applicable to payment service providers in order to combat VAT fraud in e-commerce.
To this end, Law 81/2023:
- Defines the obligations imposed on payment service providers within the scope of the control of VAT taxable transactions;
- Defines the sanctioning framework to be applied in the event of non-compliance, omissions or inaccuracies in the communication procedures and other obligations imposed on payment service providers;
- Provides the Tax and Customs Authority with the appropriate powers to verify compliance with the obligations laid down for payment service providers;
- Provides for a new temporary VAT exemption.
This Law comes into force on January 1st, 2024