New cash limits at home and in your pocket, what a nuisance when the finance department finds out you’ve exceeded them

New cash limits at home and in your pocket, what a nuisance when the finance department finds out you’ve exceeded them

The Draghi government is waging an uphill battle against cash, and new limits are coming that cannot be crossed in terms of the money you carry in your pocket, or even the money you keep at home.

Let’s see what changes. The Draghi government has put a number of restrictions on money Cash.

New cash limits at home and in your pocket whatHANDLE

In fact, thanks to cash, it is possible to achieve tax evasion. For example, the doctor can ask for cash payment and avoid taxation entirely. So it is not surprising that the government wants to fight the use of cash by all means.

The new borders

Before you see the new limits on the cash you can have in your pocket or at home, it’s important to understand that there are many new restrictions on the use of cash.

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The obligation for merchants to accept POS payments went into effect in July. A lot of merchants they protested for this reform However, it is important that the government bans the use of cash when paying in shops. But another important limit to the use of cash relates to the very payments that can be made in cash. Indeed for this year The limit of cash payments is set at €2000 but from the next year it drops to 1000 €.

Money in the house and in the pocket

So paying with cash is becoming more and more restricted and the fines can be very high. But for those caught with too much money at home or in their pockets, the investigations and penalties can be just as severe. Let’s see when the money kept at home or at home is considered too high by the tax office. When the tax officer makes an appraisal on a house or he conducts a search for a person, first tries to check how much cash he can find.

Thresholds must not be exceeded

If the money is too much, this will be a clear symptom tax evasion or money laundering. However, in order to understand whether the money is too much or not, the tax officer needs to understand concretely takes into account the economic situation of the subject. In fact, if the subject has a prosperous economic situation, it can be considered normal that he can carry a lot of money with him. Conversely, a person in major financial trouble is considered a suspect if they have too much money on them or at home.