As we all know, Italian law does not admit ignorance and has no tolerance towards those who carry out illegal actions even if in good faith. It is therefore necessary to collect correct information and, above all, to update oneself with regard to the most recent legislative provisions. This is because even the honest taxpayer who does not slip into illegal behavior will still receive very high fines. The Editorial Experts warn that fines of over 2,000 euros are coming from the Revenue Agency, not only for those who receive but also for those who make these payments. And perhaps it would be very appropriate what kind of investigations are triggered and, specifically, “What does the Inland Revenue control?”.
It is now almost completely impossible to escape the tax assessments and it is better not to risk ending up in the grip of accurate checks. This is particularly the case when filing a tax return and when applying for government subsidies. It is no coincidence that the editorial staff remembers that “With the checks of the Revenue Agency, you risk fines of 5,124 euros on ISEE declarations in some cases “. Certainly it is not comforting to know that fines of over 2,000 euros could be arriving from the Revenue Agency, not only for those who receive but also for those who make these payments. The pecuniary sanctions start from a minimum of 2,000 euros and can amount up to a maximum limit of 50,000.
Fines of over 2,000 euros are arriving from the Revenue Agency, not only for those who receive but also for those who make these payments
Although the sanction is not criminal but only administrative, it still affects both those who pay in cash and those who receive money in this way. According to Legislative Decree 178/2020 in fact, cash payments must not exceed the limit of € 1,999.99.
And by cash we must mean not only banknotes and coins, but also bearer securities. Therefore, until 31 December 2021 the taxpayer who pays services and services in cash for sums exceeding 2,000 euros is liable to a financial penalty. Similarly, anyone who accepts cash and does not claim the use of traceable payment instruments is exposed to the risk of fines of up to 50,000 euros. Cash payment limits will be made even more stringent in 2022 when the threshold for use of hard currency must not exceed € 999.99.
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