Are all our movements at the ATM followed by the tax authorities? How the Revenue Agency learns everything about us
Would you be surprised if we explained to you on the merits, how to use cash without being “spied on” by the Revenue Agency? Wait until you know what we have to tell you. Right in the Agency’s crosshairs, the ATM, so that we can know more and more about our accounts.
These branches are at least today used by many Italians on a daily basis, precisely to make withdrawals from their current accounts. One more weapon for the Tax, which always wants to control our private economy. But let’s get into the matter.
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Tax and ATMs: where the correlation arises
By paying with Pos, withdrawing or having your salary credited, everything that happens for our cards is now done electronically. And it is true that in addition to ATMs, banks are disappearing from Italy, but for now the branches remain among the most “watched” by the tax authorities. Those in control have their eyes open to both withdrawals and savings, but here’s where taxpayers need to fear.
To be viewed practically on a daily basis, above all who has a commercial activity, who must always be careful to withdraw less than 1,000 euros a day and 5,000 a month. But the strongest controls take place on payments, these too with a maximum threshold, 10,000 euros per month. When very high figures are withdrawn, especially in several moments that divide the amounts themselves, then there is a risk of being reported for possible money laundering.
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But when we insert our card into the ATM, it’s not just a possible check on what we’re actually about to withdraw. Parameters also exist for payment transactions that we can carry out with the machine. Indeed, a taxpayer cannot spend more than 2% of what he earns, otherwise he will have to explain why, to the tax office, and then prove that the extra expenses are made thanks to undeclared income that can be tax-exempt or taxed at source. .