October 12, 2024

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The cash transaction limit will be reduced again

The cash transaction limit will be reduced again

measures for further An increase in electronic transactions and its radical treatment Tax evasion The underground economy is promoted by the Ministry of Finance.

The aim of these measures is to further reduce the use of cash in transactions and for companies to “pass” a greater portion of their daily turnover through machines. POS or by other electronic payment methods

In particular, limiting the limit on the use of cash to carry out a financial transaction related to the purchase of products or services.

This limit is expected to decrease 500 to 200 euros per transaction. Thus, amounts in excess of the new limit of 200 euros related to the sale of goods or the provision of services to individuals must be paid by the recipients, the purchasers of goods or services, exclusively by electronic means. Any use of card or other electronic payment methods, bank transfer, or payment through a payment account, Using an e-wallet.

Read more at www.newmoney.gr

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