Cash Payment Questions

Автор: admin_dev
Cash Payment Questions

In its letter of January 24, 2014, the National Bank clarified certain issues arising in cash settlements between an individual and an enterprise, which fall within the scope of the Resolution on limit amounts of cash settlements and the Regulation on the conduct of cash operations.

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Namely:

  • the aforementioned documents regulate both cash settlements of an individual with an enterprise and vice versa;
  • these two acts cover settlements for transactions whose subject can be valued in monetary terms, whether material or intangible goods;
  • the established limits apply to settlements made in one day. So if the amount under the contract is more than 150 000 , it can be paid out over two or more days.
  • An individual may deposit the amount (more than 150 000 ) required for the purchase and sale, if the contract is notarized, into a bank without opening an account.