Search results
2.1 The ECB understands that, under the Law: (1) a limit of EUR 1 000 applies to cash payments in transactions where one of the parties acts in a professional or business capacity; (2) a limit of EUR 10 000 applies to cash payments from natural persons not acting in a professional or business capacity, who are also not tax residents in Spain, to...
29 wrz 2022 · For private individuals, there is currently no limit for cash payments. However, there is a legislative proposal to prohibit cash payments from an amount of € 3,000 or more. There is also an obligation to report irregular payments over € 2,000. This applies to professions in the banking sector, freelancers, insurance companies, casinos and ...
9 lut 2024 · Discover the EU's new regulation setting an EU-wide limit for cash payments, the rationale behind excluding traders in goods while retaining obligations for precious metal and stone dealers, the exception for private transactions, and insights into the payment attitudes of consumers in the euro area, especially regarding cash usage.
Traders are obliged to accept cash up to 20,000 kroner between 6 a.m. and 10 p.m. (in areas with a high crime rate until 8 p.m.). The obligation applies when traders accept certain types of payment, especially card payment. The use of 500-euro notes as well as 25-Øre coins is prohibited.
28 gru 2019 · Reduction in the limit of Cash Payment to Rs. 10000/- in a Day [Section 40A(3) & 40A(3A) of the Income Tax Act, 1961: The monetary limit on revenue expenditure in cash has been reduced from Rs. 20,000 to Rs.10,000 (there is no change in the monetary limit pertaining to cash payment upto Rs. 35000/- to Transport Contractors).
14 paź 2008 · It has come to notice that the provisions of section 40A (3) are being circumvented by splitting a particular high value payment to a person into several cash payments, each below Rs. 20,000/-. This splitting is also resorted to for payments made in the course of a single day.
13 cze 2022 · The payment may be towards two separate invoices of different dates and each invoice below Rs. 2 Lacs, but the person cannot receive Rs. 2,00,000 or more in cash from a person in aggregate in a single day.
