CESOP Compliance Service

The complete solution for fulfilling reporting obligations under the EU Directive against VAT fraud

Our software solution at a glance

The CESOP Compliance Service ensures timely and legally compliant implementation of the reporting requirements for payment service providers in accordance with the VAT acts.

The implementation of the Central Electronic System of Payment Information (CESOP) marked a paradigm shift in payments: for the first time, reporting obligations were introduced on an individual transaction basis. Since 1 January 2024, certain cross-border payments must be recorded and transmitted to the European tax authorities. The scope of application includes payment service providers such as banks, specialised banks, development banks, e-money institutions, marketplaces and, in the foreseeable future, crypto asset providers (CASPs).

With the CESOP Compliance Service, we offer a complete solution to fulfil the new requirements – with the following features, among others:

Straightforward connection of the transaction and core banking systems

Identification of the relevant transactions

Documentation of recordable data

Notification to the tax authorities

Processing the response messages

Correction and resubmission option

Implemented promptly

We provide the CESOP Compliance Service as SaaS or on-premise. Standardisation means that connection can be achieved in just a few weeks. The software significantly reduces manual effort – complex Excel or Access solutions are no longer necessary.

The central dashboard provides a clear overview of the status and work steps of the CESOP report, the import including machine checks (e.g. duplicate processing), the management of payment recipients and the manual processing of legal entities. In addition, it enables the monitoring of all reports and the correction of already reported data records.

Further details in our product brochure

RegTech with expertise

DPS was one of the first providers in Europe to develop a comprehensive CESOP solution and successfully implement it in collaboration with a first-mover institution. Today, the CESOP Compliance Service is used in the productive environments of numerous major banks, specialist institutions and other PSPs and is optimised as a scalable RegTech solution for high transaction volumes.

Regulatory adjustments are immediately incorporated into the solution through automated updates. At the same time, DPS continuously monitors technical developments and evaluates their impact at an early stage. Technical analyses – for example, on requirements for newly licensed payment service providers or the likely inclusion of crypto-asset providers – are directly incorporated into further development and strengthen the regulatory audit trail, data quality and traceability of the automated reporting process.

Are you interested in our CESOP Compliance Service?

Is the CESOP Compliance Service of interest to your institution? Please do not hesitate to contact us. We will answer your questions about prompt implementation.

Jurek Teubert

Project Manager
+49 711 90387-0
jurek.teubert@dps.de