Austria published the Central Electronic System of Payment Information (CESOP) Implementation Act 2023 on 21 July 2023, which amends the Value Added Tax Act 1994, the Federal Fiscal Code, the Fiscal Criminal Law, and the Banking Act for the implementation of new reporting obligations for payment service providers from 1 January 2024 as introduced by Council Directive (EU) 2020/284 of 18 February 2020 amending Directive 2006/112/EC as regards introducing certain requirements for payment service providers. As per Council Directive (EU) 2020/284, payment service providers offering payment services in the EU are required to monitor the payees of cross-border payments and...