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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

May 3, 2024

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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