New requirement to declare purchases over €3,600

Penny
12/28/2010 - 12:56

I saw something very briefly about this on the news today. I believe it is an anti-tax evasion law. Anyone know anything about it? Have I misunderstood? Are they actually referring to the requirement to declare any money sent abroad?

Comment

I dont know wat this refers to. However, there is a new requirement that any fattura over 3000 euro (or thereabouts) is now sent by certified email to counteract fraud.  Of course it requires an email address of the purchaser, and a certified email account - the idea being that if you send a certified email it cannot be altered susequently.   As far as I know, the limit on cash being taken in and out of the country remains at 10.000 euros. 

OK - found it. Basically, from May 2011 every time you buy goods or services over €3600 you will be required to give your Codice Fiscale. This info will be passed to the taxman and if you are spending more than you earn, you will be in trouble! Full article here: http://brianzaeconomia.blogspot.com/2010/12/comunicazione-obbligatoria-al-fisco.html