Payment service providers required to keep additional records and report quarterly on certain payments
The KPMG member firm in Estonia prepared a May 2024 report describing notable recent tax-related developments in Estonia, including that beginning in 2024, payment service providers are required to keep additional records and report quarterly on payments that meet all of the following criteria:
The first report was due in the e-service environment of the tax authority or via X-road by 30 April 2024. Subsequent deadlines are at the end of the month following the quarter (i.e., 31 July, 31 October, 31 January). A nonresident reporting agent must first apply for registration as a nonresident in Estonia.
The collected payment data will be exchanged between EU tax authorities via the central electronic payment information system (CESOP) in order to reduce fraud in cross-border e-commerce.