Really strong controls around the Italians and especially their economic habits.
Let’s see what changes in relation to the ATM and payments. The government has launched a very strong squeeze on payments to current accounts and ATMs.
The purpose of this squeeze is quite clear: fight tax evasion. The government is therefore targeting tax evasion and money laundering, and to combat these two threats, the executive is equips you with unprecedented tools.
Bancomat: what changes from June on payments
First of all, merchants will be forbidden to refuse payment by card or ATM. From June any merchant will be absolutely obliged to accept traceable payments and he will no longer be able to make any excuses in this sense.
Secondly, pay attention to the cash payments you make. In fact if the limit is currently at € 2000 from the beginning of next year it starts at € 1000. If you exceed the limits established for paying with cash, fines that can even reach € 50,000 will be triggered.
The maximum limits not to be exceeded
A real sting for anyone who has to pay in cash exceeding the thresholds which, as we have seen, are lowering. But that’s not enough. The government has intervened in a number of ways that make it much more difficult for citizens evade and certainly the strongest intervention is that of the so-called super registry of bank current accounts. Thanks to this tool for the Revenue Agency and the Guardia di Finanza it becomes very easy to check all the ATM movements of taxpayers. By carefully monitoring the ATM for the Revenue Agency, it becomes very easy to find out all those anomalous movements and all those spending habits which do not seem consistent with the income tax return of the family unit.
The strongest checks are at the ATM and on the accounts
So the ATM becomes one double spy for the taxman. On the one hand they are the traceable payments with debit or credit card to tell everything about a family unit to the Revenue Agency. But on the other also withdrawals of the old cash are counted to understand if what is declared actually corresponds to what is really collected. Therefore, as regards the ATM withdrawal, everything changes for Italians because it is precisely the withdrawal that provides the most important information to the tax authorities.
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