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Pos, 100 million more receipts (for €5 billion) in April: proof that dismantles Meloni’s line about cash.
One hundred million receipts, five billion euros in turnover. In just one month: April 2026. This is the first budget following the obligation to link POS terminals to cash registers, which came into effect on March 5, 2026, in implementation of the 2025 Budget Law (articles 74-77, L. 207/2024). The numbers were made public by Economy Undersecretary Maurizio Leo during a conference by the Foundation for Commercial Accountants. Five billion euros of turnover that appeared only since the tax authorities could see them: it was enough for a free IT procedure on the Agenzia delle Entrate’s Fatture e Corrispettivi portal to generate almost a third more tax evasion than in the same month of 2025. Over the entire first quarter, the number of receipts increased by 40 percent.
There’s no miracle, no new tax, no extra inspectors on the ground. Just the cross-referencing of two existing databases, built by the public company Sogei: the serial number of the telematic cash register linked to the unique identifier of the POS terminal. From that point forward, every electronic payment automatically requires a receipt. The penalty, ranging from 1,000 to 4,000 euros, does the rest.
The data refutes a political thesis in public.
The picture emerging is embarrassing for the thesis held by Giorgia Meloni on Facebook on December 4, 2022: “The more you raise the cash limit, the less you encourage tax evasion.” This conviction led to the decision to raise the cash limit to 5,000 euros and to attempt to limit POS obligations for retailers to 60 euros. Three and a half years later, it is the data of her undersecretary who exposes her: wherever the tax authorities have cross-referenced an electronic payment with a receipt, the receipts have appeared. Those five billion were simply somewhere else before.
The picture isn’t surprising. The Mef Report on the Unobserved Economy estimates the Italian tax gap in 2021 to be between 82.4 and 102.5 billion euros, with tax evasion by self-employed workers at 29.5 billion, and VAT evasion down from 33 billion in 2017 to 14.6 billion in 2021, largely due to mandatory electronic invoicing. In short: when the tax authorities see, tax evasion falls.
The agreement that was supposed to replace inspections.
Yet the political line of the majority has gone in the opposite direction. The two-year provisional agreement, presented as the compliance tool for small businesses, in its first edition 2024-25 closed at 1.3 billion euros in revenue versus the 2 billion projected by the government, with 600,000 subscriptions out of 4.7 million potential beneficiaries. The second edition, 2025-26, went even worse: just 55,000 small businesses, less than 10 percent of the total, according to data from Sole 24 Ore. The friendly tool, built on trust, has shown its limits. Those who evade do not sign a pact that brings them back into the legal framework. Four POS linked to a telematic cash register did in one month what the agreement did not do in two years.
One question remains, a political question that the figures make inevitable. For years, industry associations, and with them a part of the majority, have told the story of the small retailer as a victim of digital bureaucracy, forced to chase technical deadlines before even customers. The 3.87 million POS active in 2025, according to Confesercenti calculations, show a country that pays electronically for habit. And the one hundred million receipts reappearing in thirty days measure the space between what retailers invoiced and what they declared. Enough to make the rhetoric of cash as a shield for economic freedom ridiculous.
The government that raised the cash limit is now applauding the results of a measure that exposes the exact opposite of its line. A paradox: Leo’s political merit is having shown that his premier was wrong on the point.
#Meloni #first #MaurizioLeo #40percent #GiorgiaMeloni #TheMefReport #Italian #second #lessthan10percent #Sole24 #Confesercenti
Andy Warburton ❌❌❌
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