The provisions of the document apply to legal entities, institutions (except budgetary ones), permanent establishments and subsidiaries of non-resident organizations, non-profit organizations and representative offices of non-resident organizations, individuals engaged in entrepreneurial activities and professional activities in the field of justice/health care, as well as individuals engaged in transactions with real estate or vehicles.
According to the law, businesses set a threshold of cash requirements for settlements and hand over to the payment service operators serving them the surplus exceeding the minimum requirements for settlements within the next 3 working days. Exceptions are allowed for payment of wages and other payments related to labor relations, fulfillment of obligations to banks, settlements with state institutions, payment of bail, guarantees, etc. in criminal cases in favor of state institutions and repayment of tax liabilities, payments, fines to the state budget.
Cash withdrawal from the cash desk of an organization is allowed under certain conditions. In this case, commissions charged by payment service providers for settlements between individuals may not exceed 0.1% of the amount realized by credit transfer, including for cash withdrawal. And the maximum amount in which cash settlements are allowed should not exceed 100 thousand lei per month or per year, depending on with whom and in which area the settlements are made. In case of purchase or sale of real estate or vehicles by individuals, the cash threshold is set at 300 thousand lei.
