This is the limit Bizum will send: alarms are sounding in the treasury

One of the biggest doubts about the treasury and income statement is How are bank transfers taxed? and from what amount the institution began researching them.

Thanks to the development of electronic banking in recent years, such banking transactions have increased and recently amalgamation our to the service pack. With these tools we can exchange large amounts of money in a matter of days or seconds.

Duration You can transfer via our up to 500 euros With just a few clicks, the amount to be declared is very different when we make a bank transfer.

boundary

According to the General Tax Law, banks are “obligated to submit to the Tax Administration all kinds of data, reports, records and supporting documents of tax importance related to their fulfillment of their tax obligations or deducted from their economic, professional or financial relations with banks.” others”.

The amount of money you have to declare before the Treasury is 10,000 Euros: Citizens are obliged to include this amount in the income statement.

It is important to remember that although the mandatory amount for disclosure to the Tax Office is 10,000 euros. body monitors all movements and you can ask the bank to provide you with data regardless of the amount sent.

sanctions

Taxpayers must take into account transfers in excess of 10,000 euros and those who do not, through the SI model.Faces penalties of up to 50% of the amount sent with 600 Euros.

In addition, light fines of up to 60,000 Euros may apply if the origin of the money cannot be justified; or very seriously, more than 150,000 euros.