Restrictions on cash transactions between individuals to come into effect today

  • 2017-01-01
  • BNS/TBT Staff
RIGA - In order to curb fraudulent deals and prevent money laundering, cash transactions between natural persons will be limited to EUR 7,200 as of today, State Revenue Service said. The restriction only applies to transactions that are carried out in cash. No such restrictions will be imposed on transfer settlements between natural persons. As of today, natural persons who are not engaged in carrying on a business will not be allowed to engage in cash transactions the value of which exceeds EUR 7,200, according to amendments to the Law on Taxes and Dut...
 
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