Malta Tax Agency Extends Deadline for CESOP Registration for Payment Service Providers

The Maltese Commissioner for Revenue Jan. 25 announced the extension of the central electronic system of payment information (CESOP) registration deadline, offering a concession to payment service providers (PSPs) affected by the new VAT regulations for cross-border payments originating from EU member states. The regulations, effective Jan. 1, align with EU directives to combat cross-border VAT fraud in e-commerce. The announcement includes: 1) the extended Feb. 16 deadline for CESOP registration for PSPs; 2) the integration of information into the CESOP database, aiming to empower tax authorities in preventing the evasion of VAT obligations; and 3) registration requirements, forms, and ...