Greece Caps Cash Transactions at €500 Amidst Tax Evasion Battle
Greece is implementing stricter cash payment regulations to enhance financial transparency and combat tax evasion. Transactions exceeding €500, regardless of how they are split, must now be completed electronically, with authorities enforcing double fines equivalent to the unlawful cash amount. These measures, alongside updated penalties for VAT returns and increased oversight of cryptocurrency, aim to drive digitalization and bolster tax compliance within the Greek economy.
John Q. Hosedrinker