Ban on cash payments over €3,000 will also prohibit breaking up payments to get below the limit. How does that impact salaries/wages?
Ban on cash payments over €3,000 will also prohibit breaking up payments to get below the limit. How does that impact salaries/wages?
Do you often pay large amounts in banknotes? The government intends to ban cash payments for amounts over €3,000. Read more.
cross-posted from: https://slrpnk.net/post/11683511
from the article:
They are not allowed to avoid this amount by making several smaller payments in banknotes.
What does that mean for salaries? Every salary payment can be seen as a part of an annual income. I would demand more frequent pay days just to get some freedom back -- to be free from forced banking. Of course I would say the paychecks are not part of a whole payment but each are a whole payment for a specific amount of labor rendered.