Italy simplifies cash payments
2022.12.04 11:16
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Italy simplifies cash payments
Budrigannews.com – On Sunday, after discussing this issue with the European Commission, Italian Prime Minister Giorgia Meloni said that she would be able to change plans to simplify settlements for small cash and non-credit card payments.
As a step that is considered contrary to the spirit of the commitments made by the EU, the right government of Meloni presented a budget for 2023, which will abolish fines for sellers refusing to accept cards for payments of less than 60 euros 63 23 US dollars.
“We would prefer not to force retailers to accept payments by email up to 60 EUR. However, if we assume that the limits of 60 euros are demonstrative, then for me they may be lower,” Meloni said in a video posted on Facebook by NaSDAQ: After that, she said that this is obvious with the European Commission, because the issue of electronic payment is one of the issues of the European Union’s Recovery Plan, so we have to watch, we’ll see how the discussion ends,” and in conclusion she said that “we’ll see how the discussion ends.”
Italy expects about 200 billion euros from the EU to recover from the coronavirus by 2026, which will make it the largest beneficiary of the EU. However, instead, it should correspond to a number of “goals and stages” of reforms. As part of the measures taken to prevent tax evasion, one of them was agreed during the former administration of Mario Draghi, in which sanctions were imposed on sellers who refuse to accept payments by card.
According to the Treasury, tax evasion is a widespread problem in Italy, where more than 100 billion euros are evaded every year. Meloni insisted that it is easier to pay in cash – this is not a dubious strategy. She also spoke about another dubious proposal from the financial planning plan, which now, it seems, the parliament cannot approve: raising the limit on cash payments from 1,000 euros, which were supposed to come into force on the first of January, to 5,000 euros.
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