cash payments They are still quite present in Spanish society, but when it comes to significant amountscash payment Usually not justified.
That’s why the Treasury warns fines that they can put in these safes and reach 2,500 euros.
More than two years ago, the Treasury 2,500 euros 1,000 Euros is the limit to be realized cash payments. He did this within the framework Law 11/2021 Determining measures to prevent and combat tax evasion Maximum 1,000 Euros for cash payment. If you need to pay a higher amount, it cannot be done this way and you will have to resort to bank transfer.
When it comes to transfers, we must also keep in mind Law 7/2012 on tax regulations, which sets the transfer limit at 10,000 euros. Transfer money without having to declare it. This maximum amount also applies to other transactions such as withdrawing money from ATMs.
Income more than 3,000 euros
Regarding income, the Treasury will be able to examine all transactions exceeding 3,000 euros or where payments are made with promissory notes of 500 euros.
This cash limit It will not be valid in case of foreign persons coming to Spain. In these cases the limit will be 10,000 Euros.
Besides Spain, there are other countries in the European Union (EU). cash payment limits. Inside FranceThe 3,000 Euro threshold has been reduced to 1,000 Euros. Italy It went from 1,000 Euros to 3,000 Euros. GermanyFor now, they are trying to place it at 5,000 euros where there is no limit. European Commission has initiated steps to see the possibility of imposing restrictions at the community level.
Fine of up to 2,500 euros
Professionals whose amount equals or exceeds the established cash payment limit of 1,000 euros will face fines from the Treasury. penalty fee It will be for both the recipient and the sender of the money. It will be 25 percent of the amount paid in cashequal Sanctions between 250 and 2,500 euros.