Cash payment limits to be increased from 3,000 Euro to 7,500 Euro

During the previous Government the limit for cash payments was lowered from 15,000 Euro to 3,000 Euro. This measure hurt a lot of sectors as in other countries the limits for cash payments were higher.

The current Government's Secretary of State in charge of fraud prevention has communicated that the threshold will be raised shortly to 7,500 Euro. As of which date the new threshold will be applicable is still unknown. To date no law has been passed in this respect.

Panis will keep you informed of new developments regarding cash payments.