The good news is that the government will guarantee up to 300 euros in reimbursement for those who pay with an ATM and not in cash. The economic facilitation that will reach consumers is part of the broader objective of discouraging the use of cash. The intent of the government forces remains that of minimizing the phenomenon, still very present in Italy, of tax evasion. Off-the-books payments also facilitate the circulation of sums of money that are not always legitimate. Moreover, through the use of liquid money, those who receive black wages can more easily get rid of cash and not make it appear.
In a previous article “How to spend the money in cash and avoid tax checks “ you can get useful advice. This is because sometimes you could slip into heavy fines even for simple ignorance of the legislation on the matter. The government is increasingly equipping itself to combat the damage to the state coffers of tax evasion and to eradicate the laundering of dirty money. This explains why it will provide consumers with up to 300 euros in reimbursement for those who pay by ATM and not in cash. The traceability of payments represents a brake on illegal actions because a verifiable trace corresponds to every single transaction.
Up to 300 euros reimbursement for those who pay by debit card and not in cash
The only way to incentivize payments with traceable tools apparently involves a reward. Therefore, rather than limiting the costs of transactions, the government intends to reward those who avoid cash payments with a bonus of 300 euros. According to government intentions, the consumer who will make payments of 3000 euros upwards through electronic means will receive a refund equal to 10%.
As of December 1st, ATM transactions should arrive atRevenue Agency to proceed with the reporting. The government is also developing a system that also favors payments with ATMs of small amounts. In this way it is hoped to encourage the use of electronic means even for small costs.
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