From January 2023, the threshold for the cash cap will range from 2,000 to 5,000 euros. Italy is one of the few EU countries to have a cash limit.
The government changes the limit on the cash ceiling . From January 2023, the threshold will go from 2,000 to 5,000 euros . Our country is one of the few in the EU to have a cash limit. Along with 11 others for the obvious problems of tax evasion, corruption and organized crime. Among the countries that do not have limits are Austria and Germany, Holland and Finland. In practice, it is up to individual states to decide whether to set a limit or not.
The strong increase in the diffusion of electronic money recorded in recent years cannot in fact ignore the legitimate use of cash: in the absence of regulatory interventions, from 1 January 2023 the limit for the use of cash in Italy will drop from two thousand to one thousand euros , confirming the strong asymmetry compared to many other European countries where much higher limits are in force or even no thresholds are envisaged. While waiting for the definition of a common limit at the European level to be finally reached, it is therefore desirable that this be significantly raised at the national level. Still on payment instruments, the need to reduce costs and commissions charged to businesses and professionals for the acceptance of payment cards.
- CASH CAPACITY UP TO 5 THOUSAND EUROS (confcommercio.it)