rec_13

Council Regulation (EU) 2020/283 of 18 February 2020 amending Regulation (EU) No 904/2010 as regards measures to strengthen administrative cooperation in order to combat VAT fraud · European Union

(13) In order to assist Member States in combating tax fraud and detecting fraudsters, it is necessary and proportionate that payment service providers keep records of the information regarding payees and payments in relation to the payment services they provide for three calendar years. That period provides sufficient time for Member States to carry out controls effectively and to investigate suspected VAT fraud or to detect VAT fraud, and it is also proportionate considering the massive volume of the payment information and its sensitivity in terms of protection of personal data.

← rec_12 · All articles · rec_14 →

Source: EUR-Lex (Cellar) · retrieved 2026-10-13 · Text as adopted (Official Journal); later amendments are not incorporated in this text.