Transactions over 500 euros only by credit cards
The omnibus bill of the Finance an Justice ministries including provisions for reforming the bankruptcy code of businesses, electronic transactions (plastic money) and voluntary disclosure of undeclared income was submitted to Parliament late on Monday (12/12/2016).
According to the bill, transactions over 500 euros need to be made with the use of credit cards while the tax free threshold is related to the amount of expenses made with the use of these cards based and the income.
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