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For me this translation is extremely easy to understand: What is the maximum amount I can pay in cash? At this time, you may pay for all purchases in cash. For
by dmarchand90 3y ago
For me this translation is extremely easy to understand:
What is the maximum amount I can pay in cash?
At this time, you may pay for all purchases in cash. For cash purchases above € 10,000, the seller must conduct a customer due diligence. But not all sellers accept cash. The cabinet is working on a bill to ban cash payments from € 3,000.
Pay for purchases in cash
At this time, you may pay for all purchases in cash. It doesn't matter how high the amount is. A seller can decide not to accept cash above a certain amount. Or not accepting cash at all .
Customer research for purchases above € 10,000
Do you make a purchase that costs more than € 10,000 and do you pay in cash? Then the seller must conduct a customer due diligence . This check is mandatory to prevent money laundering and terrorist financing.
Bill cash payments up to € 3,000
A bill is being drafted to ban cash payments from €3,000 . This applies to all buyers and sellers of goods. When the new law comes into effect, you may no longer pay for purchases from € 3,000 in cash.
- pvg 3y agoEasy or not, such posts grow long meta threads about the quality of the translation. If the story is HN-interesting, an English source will appear and you can post that. Also has the advantage of not having the poster make up a title. Proposed legislation in general is not particularly HN-interesting: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&query=by%3Adang%20proposed%20bills&sort=byDate&type=comment https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...