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Cash payments over (few) thousands are not permitted in the most/many EU member state already. NL are just catching the train. Greece has it as low as 500 Euro.
by xxs 3y ago
Cash payments over (few) thousands are not permitted in the most/many EU member state already. NL are just catching the train. Greece has it as low as 500 Euro.
- benterix 3y ago> Greece has it as low as 500 Euro. Any source for this? [EDIT] As pinted by other commenter: https://www.europe-consommateurs.eu/en/shopping-internet/cash-payment-limitations.html https://www.europe-consommateurs.eu/en/shopping-internet/cas... They also mention "There is no cash limit for car purchases. However, a change in the law is already being discussed in Greece.".
- xxs 3y ago>Any source for this? Generally, should be trivial search info: e.g. "cash payment amount greece" produces multiple decent results
- euix 3y agoI can't believe in a lot of these countries this is enforced or obeyed to any degree. The closer the empire is to collapse the stupider the laws.
- xxs 3y agoThe laws are there due to anti-money laundering. Since virtually no cash income (in those country) is viable - think salaries, etc., it's not hard to be followed. All retail sales need a valid VAT receipt, all of those receipts have source of the payment as well. Wholesale tends to be never in cash (requires tax administration approval), the laws might differ, of course - however that's a common framework. So it's sort of automatic.