The Treasury reduced the maximum implementation limit from the current €2,500 to €1,000 Payment in cash. In addition to Spain, there are other countries in the European Union that impose this Cash payment limits. a Francethe threshold of 3,000 euros was reduced to 1,000, while in Italy It rose from 1000 to 3000 euros. Germany, as there are no restrictions at the moment, they are considering setting it at 5,000 euros. the European Commission Steps have begun to explore the possibility of imposing community-wide restrictions.
Law No. 11 of 2021 establishes measures to prevent and combat tax evasion Maximum €1,000 for cash payment. If you have to pay a higher amount, bank transfer will be used.
In the case of transfers, it is also necessary to take into account Law No. 7/2012 on Tax Regulations, which sets the maximum transfer limit at 10,000 euros. Transferring money without having to authorize it. This maximum also applies to other operations, such as withdrawing money from ATMs.
Regarding income, the Treasury may investigate all transactions exceeding €3,000 or those in which payment is made in €500 banknotes.
It should be added that this monetary limit It will not apply if it concerns foreign individuals arriving in Spain. In these cases, the maximum will be 10,000 euros.
Fines of up to €2,500 for violating the rule
Professionals who equal or exceed the €1,000 set as the cash payment limit will have to pay a fine to the Treasury. the more It will be for who receives the money and who sends it It will correspond to 25% of the amount paid in cashwhich is equivalent to Fines range between 250 and 2,500 euros.
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