Government Drops Cash Payment Cap, Two Exceptions Remain

1

Get real time updates directly on you device, subscribe now.

The leaders of the governing Coalition, Marcel Ciolacu and Nicolae Ciucă, announced that they will abandon the reduction of the cash payment limit following a meeting where they reviewed the proposal already adopted by ANAF, which was scheduled to take effect on November 11. “It is my duty to intervene when things are heading in the wrong direction,” stated Prime Minister Marcel Ciolacu.
However, there will be two exceptions: the cash register limit will be set at 50,000 lei, and the advance for settlement will be 1,000 lei/day.“I’ve always said that I’ll stand by small business owners and ordinary people, without exception. In recent days, I’ve had numerous discussions with them, as well as with the business community and representatives of the banking system. They’ve shared sensible feedback regarding the measures proposed by ANAF and the Ministry of Finance concerning cash. These people are not tax evaders; they are the backbone of this country! Therefore, in the first Cabinet meeting, I will review the proposals from ANAF and the Ministry of Finance because it’s my duty to intervene when things are going in the wrong direction. The voice of the people, of rural homeowners, and of all Romanians is heard by the government! All current cash limits will be maintained, both for individuals and legal entities. There will be two exceptions: the household cash limit will be 50,000 lei, and the advance for settlement will be 1,000 lei/day.

However, I have a message for tax evaders who took advantage of this public discussion: I will come for you! I will come and remove you from customs, from state institution offices, from everywhere! Just as we began the war against those who destroy people’s lives with gambling, you will not escape,” declared Marcel Ciolacu.

The chairman of the National Liberal Party (PNL), Nicolae Ciucă, also announced the decision taken within the Coalition on Facebook. “Today, at the Coalition’s leadership level, we conducted a comprehensive analysis of the measure regarding cash payments. Following our dialogue, we agreed on necessary modifications to protect the business environment and law-abiding citizens. As a result, all current cash limits will be maintained, both for individuals and legal entities, with two exceptions: the household cash limit will be 50,000 lei, and the advance for settlement will be 1,000 lei/day. Furthermore, together, we agreed to continue our firm fight against tax evasion in Romania and jointly promote measures in this regard,” Ciucă wrote.

The decision comes after several weeks of public debate regarding the reduction of cash payment limits. Days ago, the Prime Minister stated that the measure was proposed by ANAF and that there were no objections from the Coalition’s leaders at the time of adoption. Subsequently, PNL President Nicolae Ciucă stated that he did not agree with this measure.

DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.
So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRL
UniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002

1 Comment
  1. Panagiotis Spyridis says

    And how are you going to get the Tax evaders? They are the majority of the Population. This mindset needs a generation to clear. Delaying it makes it even worse. The Government needs money for Social welfare and NATO arms.

Leave A Reply

Your email address will not be published.