Particle.news
Download on the App Store

Italy Signals Plan to Lift Cash Limit to €10,000 With €500 Stamp Duty

Palazzo Chigi has prioritized a Fratelli d'Italia budget amendment that critics say would fuel tax evasion, now bound for parliamentary review.

Overview

  • The Presidency of the Council has flagged to the Economy Ministry an amendment applying a flat €500 stamp duty to cash payments between €5,001 and €10,000.
  • The mechanism would effectively permit cash use up to €10,000 without directly rewriting the current legal ceiling.
  • The proposal sits in the prioritized package of government amendments for the 2026 budget and has not been enacted.
  • Opposition parties PD and Avs/Europa Verde denounce the plan as encouraging evasion and laundering, warning it would expand the shadow economy.
  • Economists say the duty could aid fiscal monitoring only if linked to Revenue Agency systems; the draft also adds safeguards such as an invoice requirement and echoes EU discussions of a €10,000 threshold.