what changes from 1 January 2022 and what is the risk

From January 1, 2022 a significant change comes into effect cash payments: in fact, the new limit a 1.000 euro.

From next year they will have to follow new rules and for those who do not comply with the new limit the risk is to run into sanctions salads.

The new maximum threshold, scheduled by the 2020 Tax Decree, was also confirmed during the question time of 13 October by MEF Undersecretary Federico Freni: whoever expected some news with the Budget Law will have to surrender to tax evasion plan.

The Italian cashless plan of the Conte government remained standing, albeit modified: in addition to a lower threshold for cash payments, the project for the fight against tax evasion focused on cashback (in the balance for 2022) and on the receipt lottery .

Cash payments: what changes from January 1, 2022

News coming from next year: January 1, 2022 opens with the new limit for cash payments set at 1,000 euros.

To change the maximum threshold for payments cash was the Tax decree linked to the 2020 Budget Law, which imposed the limit of 2,000 euros until 31 December 2021, and then halved the amount allowed from 1 January 2022.

What changes from a practical point of view? From 2022 they will be cash payments allowed only up to € 999.99 to another person or company.

For payments over this amount you must use traceable tools: bank or postal transfer, debit card, credit or debit card.

Cash payments from 1 January 2022: what risks those who do not respect the limit of 1,000 euros

The € 1,000 limit for cash payments applies to all operations: both in-store purchases and the balance of professional services, as well as relations between shareholders and companies.

Be careful, because this does not mean that we can no longer withdraw from your own bill, or perform a payment, higher than this amount. However, in the event of a withdrawal exceeding € 1,000, we remind you that the bank will ask for justify the operation, and based on the answer decide whether or not to report the withdrawal to theFinancial Information Unit.

The risk therefore, in addition to having a sanction from 3,000 to 5,000 euros, is also to end up in the anti-money laundering controls and end up on the radar of the Revenue Agency.

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