How much money can we pay into a current account in a single operation? In reality there is no limit but the controls exist.
A limit on the amount payable into a checking account. We are not used to thinking about it but it is a scenario that we actually contemplate almost every day. Especially lately, following the introduction of numerous forms of penalties in case the overall sum is deemed too high. Nevertheless, the current account represents the physical form of savings for the vast majority of consumers, who rely on banks to be able not only to keep but also to keep their money. Usually, the level of the amount is leveled by payments, both for salaried and retired people.
For self-employed, temporary workers and holders of VAT numbers, the path could be more complex. For example, those who receive cash payments (such as pharmacies or petrol stations or tobacconists) he is faced with a more thorny dilemma than it seems. Is it possible to make a large deposit of cash into your current account? And, if it were, would there be a specific convenience? Certainly, in some cases it is not your own money. For pharmacies for example. But a business like a shop raises the question all too often.
Current account, how much money is it worth paying?
The main doubt is whether or not these operations attract the attention of the tax authorities for the various assessments. In fact, despite having the right to pay their own figures, the existence of the registry of current accounts should not be forgotten a ledger capable of tracing every banking transaction, from payments to wire transfers. This, of course, serves the authorities to monitor the movements of money and to prevent (or repress) any illegal transactions. Basically, the right to pay money (whatever the amount) is there, provided that the account holder is perfectly able to justify its origin.
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Therefore, there is no limit to the payment of cash. However, it is good to remember to be careful, since there may be a possible report to the Financial Information Unit (Uif), or the body authorized to carry out checks on large movements. In these cases, having paid large sums into your current account is a behavior that must be justified with unequivocal proof of origin. The UIF’s objective, in fact, is not so much the fight against tax evasion, but the monitoring of any money laundering operations. Certainly no less important.
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