Renzi's government raises ceiling for cash transactions
€3,000 in cash instead of €1,000 now permitted for payments.
The ceiling for cash payments for goods and services is to be raised from the present €1,000 to €3,000.
Strict limits on cash payments were introduced by the Monti government in December 2011 to discourage tax evasion – principally on IVA, the 22 per cent sales tax – and on money laundering.
The Renzi government claims that the new ceiling will promote consumption. Critics reply it will once again encourage IVA dodging.
The Wanted Network
Latest What's on
Latest classifieds
Diplomatic Mercedes-Benz 2016, Black Milage 180,879Km, non functional, for sale to Highest Bidder
Acorn International Summer School June 9 - July 25 - English Teachers Wanted
Srilankan male housekeeper, Driver and carer
Luxurious 2 bedrooms in Via della Vite
