Notary Public & Commissioner for Oaths

1

Budget 2020 - Cash transaction limit

Created on Sunday, 20 October 2019 19:53

During the 2020 Budget speech, it was announced that from 01/01/2020, cash transactions exceeding Eur 10,000 in property (and other high-value purchases) shall be banned. This effectively means that a prospective buyer shall not be allowed to pay more than Eur 10,000 in cash when purchasing an immovable property. The move is intended to combat money laundering and tax evasion.

Further details:

https://timesofmalta.com/articles/view/budget-2020-10000-cash-transaction-limit-on-high-value-purchases.742137

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