From May 1, 2019, the use of cash in real estate transactions in Latvia is prohibited. New amendments to the law “On taxes and duties”, approved by the majority of the Latvian parliament - Saeima. As parliamentarians assure, the ban on the use of cash is dictated by the desire to prevent fictitious transactions in the market and options to optimize tax payments. Until recently, the share of cash in transactions for the purchase and sale of real estate should not exceed 7,200 euros.