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I’ve never heard of a legal limit for paying in cash. The AML rules require people to have an explanation of where the cash comes from, but there’s no limit on
by sitharus 2y ago
I’ve never heard of a legal limit for paying in cash. The AML rules require people to have an explanation of where the cash comes from, but there’s no limit on it. Of course there’s no requirement to accept cash except in the case of paying a debt.
Here in New Zealand there are maximum limits on the number of coins you can use so paying your tax with a truckload of 10¢ coins is illegal, but if you use $100 notes you can use as many as you like.
- throwaway290 2y agoEU max limit is 10k in Russia max limit is 1k EUR equivalent https://base.garant.ru/58074419/#:~:text=%D0%9F%D1%80%D0%B5%D0%B4%D0%B5%D0%BB%D1%8C%D0%BD%D1%8B%D0%B9%2520%D1%80%D0%B0%D0%B7%D0%BC%D0%B5%D1%80%2520%D1%80%D0%B0%D1%81%D1%87%D0%B5%D1%82%D0%BE%D0%B2%2520%D0%BD%D0%B0%D0%BB%D0%B8%D1%87%D0%BD%D1%8B%D0%BC%D0%B8%2520%D0%B4%D0%B5%D0%BD%D1%8C%D0%B3%D0%B0%D0%BC%D0%B8,%D0%A3%D0%BA%D0%B0%D0%B7%D0%B0%D0%BD%D0%B8%D0%B5%2520N%25203073%252D%D0%A3 https://base.garant.ru/58074419/#:~:text=%D0%9F%D1%80%D0%B5%...). apparently in NZ 10k limit is only for some transactions https://www.dia.govt.nz/AML-CFT-High-value-dealers-Prohibited-cash-transactions-for-specified-high-value-goods https://www.dia.govt.nz/AML-CFT-High-value-dealers-Prohibite... hope you didn't pay in cash more than that for a boat recently;)
- ThePowerOfFuet 2y agoFrance max limit for individuals purchasing from professionals or businesses is 1k EUR except for a few edge cases. https://www.service-public.fr/particuliers/vosdroits/F10999 https://www.service-public.fr/particuliers/vosdroits/F10999
- sitharus 2y agoHuh, I failed to find the NZ page. My search skills must be getting rusty... thanks for the link!