Government passes amendments banning cash transactions in excess of EUR 7,200
| News | LETA
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RIGA, Sept 20 (LETA) - 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 Duties that the government approved today.
The Finance Ministry’s representatives will have a meeting with representatives of the Accountants Association later this week to specify the amount of fines applicable to individuals who violate the new provision in the law.