Limitations in Cash Transaction for Business Subjects

Enterprises in Croatia encounter various restrictions when it comes to performing payments to their employees and other business subjects in cash. Restriction is also introduced in cash collections. Enterprises can receive only limited value of cash per transaction and are allowed to keep prescribed amount of cash in their counter. Most rigorous limitation in cash operation is prescribed for enterprises which are going to process of enforcement on money funds. Besides kuna (HRK), payment transactions in foreign currency are also subject of various limitations, these limitations primary come from fact that foreign currency is not a legal mean of payment in Republic of Croatia. In this paper, various limitations in cash collections and payments are discussed.