The buyers of ferrous and nonferrous scrap metals will be obliged to make electronic payments in case of transactions whose total value exceeds 10,000 lei a month in the relations with one taxation subject. The cabinet approved a relevant bill to amend the Tax Code, IPN reports.

The bill was proposed by a group of PAS MPs. The obligation to use electronic payment instruments is aimed at limiting the circulation of cash. The sponsors said the goal is to avoid tax evasion and to reduce activities related to ferrous and nonferrous scrap metals as economic activities without a license.

The bill is to be debated and adopted by Parliament.