Beware of making this mistake at the ATM: you risk a fine of 1,000 euros. Do not commit this gesture.
For years, the government has been increasingly discouraging the use of cash and favoring electronic money. The shift to digitization itself and the outbreak of the epidemic have accelerated the use of digital currency.
Through electronic transactions, the revenue agency is able to identify accounting transactions that are considered “suspicious” and request clarifications from the taxpayer.
As of January 1, 2022, i . has been created New restrictions on the use of banknotesThe threshold for cash payments has been lowered in order to reduce the risk of undisclosed payments.
Cash: new threshold from 1 January 2022
Effective January 1, 2022, the new cash payment limit has been halved. The Limit he took From € 1999.99 to € 999.99. Therefore, it is possible to pay in cash up to 999.99 euros, while paying 1000 euros requires the use of electronic money, in order to avoid penalties.
The new minimum amount of €999.99 applies for any payment type. This means that both the purchase of an asset and the donation of a child in excess of a thousand euros must be justified by a traceable type of payment.
As for bank withdrawals and deposits, nothing has changed. Moreover, it is possible to pay for a professional service using cash and electronic money.
Consider, for example, a professional service that a professional bought for an amount equal to 2000 euros. In this case, 900 euros can be paid in cash and 1,100 euros by bank transfer, check or credit card.
Cash payments: fines for violators
Legislative text oncash limit reduction And the consequent reduction in the punishment envisaged. From July 1, 2020 to December 31, 2021, the minimum cash payment was 1999.99 euros, while the fine was 2,000 euros.
From January 1, 2022 Limit For cash payments equal to €999.99While the penalty applied in case of infringement is equal to one thousand euros.
Bancomat: When are the checks and penalty checks carried out?
The account holder should pay maximum attention and not pay to the account Over 1000 Euro. Beyond this amount, the IRS checks: The account holder must explain the reason for the cash payments and the principal of the money.
If a crime is confirmed, the Punishment in a variable quantity From 1,000 to 50,000 euros.