Alan C. Posted January 10, 2013 Posted January 10, 2013 Cash transactions ceiling is set to drop to 500 euros Any transaction in excess of 500 euros will soon only be allowed via credit or debit card or by check, according to a plan by the Finance Ministry aimed at combating tax evasion. The ceiling for cash transactions is to be lowered from 1,500 euros today to 500 euros and could be reduced further over in the course of 2013. Ministry sources say that in the first quarter of the new year all companies and certain self-employed individuals will have to obtain the POS (point-of-sale) terminals that provide for card transactions.
Metric Posted January 11, 2013 Posted January 11, 2013 Ugh, it's pretty clear where this is going. I have to admit that the Book of the Revelation of Saint John the Divine was remarkably precient on this subject.
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