Cash transactions above 3.000 euros will be illegal

The Finance Ministry intesifies  its efforts to stamp out tax

evasion. As of Friday, any cash transaction for goods and services will be illegal if the amount is above 3.000 euros. Finance Ministry believes that with this decision, it will be capable to check companies and taxpayers.

From now on all these payments must be made by credit cards or bank cheques. 

The 3,000 euro limit will drop to 1,500 euros as of January 1, 2012.