Did you know that starting January 1st, 2022, it will no longer be possible to pay in cash an amount higher than 1,000 euros in Italy?
Italy intruduces cash payment limit from January 1st 2022
Public
Italy
Author: Kristina Dosen
Category:
General information
Views:
4468
Content accuracy validation date:
30.11.2021
Content accuracy validation time:
09:20h
From January 1st, 2022, it will no longer be possible to pay in cash an amount higher than 1,000 euros in that country. All amounts higher than 1,000 euros will have to be paid by payment card, credit card, checks, or through an account.
Whoever violates this decision will be fined at least 2,000 euros, and the fine can reach up to 50,000 euros. This measure should contribute to the suppression of the gray economy and tax evasion and also encourage electronic payment systems.
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