CESOP reporting in Luxembourg is triggered when, in a calendar quarter, a PSP provides payment services corresponding to more than 25 cross-border payments to the same payee. The count is calculated separately for payment services provided per Member State and per Article 243c(2) payee identifier; where the PSP knows that several identifiers belong to the…
The European Union adopted the VAT in the Digital Age package, known as ViDA, on 11 March 2025. It arrives as three connected legal acts: Council Directive (EU) 2025/516, Council Regulation (EU) 2025/517 and Council Implementing Regulation (EU) 2025/518. Together they rewrite how VAT is invoiced and reported across the single market. From 1 July…
On 3 September 2026 the European Commission put a number on five years of the EU e-commerce VAT reforms: more than 125 billion euro in VAT collected through the One Stop Shop and the Import One Stop Shop since the rules took effect on 1 July 2021. In 2025 alone the schemes brought in more…
The first thing a reporting team does wrong with the EU tax simplification package is treat it as a deadline. It is not. On 24 June 2026 the European Commission published two proposals, a Direct Taxation Omnibus and a recast of the Directive on Administrative Cooperation, and a proposal changes nothing about what you file…
Miss a COREP remittance by one day and the CSSF will notice. Miss a CRS filing deadline and the ACD will notice even faster. Q2 is the quarter where annual filings, quarterly prudential reports, and ongoing transaction reporting obligations all converge on the same teams, often the same individuals, at the same time. The density…
Introduction CESOP reporting is a mandatory quarterly obligation for European payment service providers handling cross-border transactions above the 25-payment threshold – missing the deadline or submitting inaccurate data can result in supervisory action and penalties. If you work in payments or compliance at a European financial institution, CESOP likely sits on your regulatory checklist. For…