On 3 November 2023, Legislative Decree no. 153 of 18 October 2023 (hereinafter, “Implementing Decree”) was published in the Italian Official Gazette. The Implementing Decree has implemented in Italy the Council Directive (EU) 2020/284 of 18 February 2020 (hereinafter, “CESOP Directive”) amending Council Directive 2006/112/EC with regards to the introduction starting from 1 January 2024 of certain obligations for Payment Service Providers (hereinafter, “PSPs”) with reference to “cross-border” payments. The Implementation Decree entered into force on 18 November 2023 and will apply to cross-border payments made from 1 January 2024. These new obligations are part of the European Union’s action plan to fight VAT fraud in e-commerce.
