On October 26, 2019, the decree law of October 26, 2019 on urgent provisions on tax matters (decreto legge 26 ottobre 2019, no. 124. Disposizioni urgenti in materia fiscale e per esigenze indifferibili) was published in the official gazette.
The decree law introduces various measures, some of which apply to payment service operators:
1. Measures restricting the use of cash (Article 18)
The decree introduces a new provision for cash transactions to be limited to €2,000, from July 1, 2020 until December 31, 2021. As of January 1, 2022, the cash transactions threshold will be lowered further to €1,000.
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