No cash payments for purchases exceeding 1,500 euros

A measure included in the latest tax law, according to which all purchases exceeding 1,500 euros by private individuals will be made through credit cards, debit cards or certified checks, will be effective as of April 1, it was announced on Wednesday.

The new tax law also provides that in case of companies or professionals, the measure will be effective for transactions above the 3,000-euro threshold.

The announcement was made by a finance ministry general secretary, who spoke to public television.

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