New transparency rules to combat fraud in trans-border payments come into force

 New transparency rules have come into force from 1 January 2024 to help EU Member States fight value added tax (VAT) fraud.According to a press release from the EU executive, the new rules will provide EU Member States' tax administrations with payment information that will enable them to detect VAT fraud more easily, with a particular focus on e-commerce, a sector highly prone to non-compliance and fraud of this kind. This, in turn, ...

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