Estonia: New reporting requirements for cross-border payment service providers beginning 2024

Payment service providers required to keep additional records and report quarterly on certain payments

Payment service providers required to keep additional records and report quarterly

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:

  • Payment services were provided in relation to the same payee during a quarter
  • Total number of payments per payee exceeded 25 payments per quarter
  • Payer is based in one EU country and the payee in another member state or a non-community country

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.



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