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in italy is 1,000EUR for a while, similar in other EU countries with varying thresholds. I personally prefer how the UK does it or other countries where private
by hankchinaski 3y ago
in italy is 1,000EUR for a while, similar in other EU countries with varying thresholds. I personally prefer how the UK does it or other countries where private individuals have no limit but if you have a commercial activity you must have some regulation in place
> The consumers can make cash payments without any limits.
> The traders, however, need to register themselves with tax authorities as 'High Value Dealers' if accepting cash payments in excess of €10,000
- jaclaz 3y ago>in italy is 1,000EUR for a while No, it is 5,000 in 2023 and never was 1,000: https://news.ycombinator.com/item?id=37236767 https://news.ycombinator.com/item?id=37236767
- hankchinaski 3y agoWas 1,000EUR in 2022 I keep forgetting as they keep changing it almost every year
- jaclaz 3y agoIt has never been 1,000 Euro, it was planned to become 1,000 (from 2,000) but then it was postponed last-minute and it remained 2,000 for 2022. In the linked post there is a link to this (Italian): https://www.axerve.com/approfondimenti/insight/limite-pagamento-contanti https://www.axerve.com/approfondimenti/insight/limite-pagame... Where it is detailed.