Notary Public & Commissioner for Oaths


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.

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Laws of Malta