The Treasury takes very seriously the fact of monitoring the economic movements of citizens to be able to detect any fraud or crime, whether fiscal, especially when it involves large amounts of money, or minor but frequent. We tell you about the important change in the Treasury that has pissed off Spanish taxpayers and that can affect anyone… take note!
This is the limit to pay in cash that you put in the Treasury
Cash payments have decreased significantly in recent years, mainly due to the pandemic but also thanks to the arrival of payment platforms such as Bizum, which make it completely easier to send money immediately to anyone so that they can receive it in your checking account without waiting at least one day, as has always happened with transfers between accounts of different banking entities.
For whatever reason, there are many people who like to continue paying cash whenever possible, but the restrictions are getting bigger when the amount is important. There will never be a problem paying for bread in cash, or making a modest purchase, but there are certain products or services that you will no longer be able to pay in cash no matter how many means you have to do so.
According to Law 11/2021, of July 9, on prevention measures and the fight against tax fraud: «Cash payments may not be made in operations in which one of the parties acts as a businessman or professional, when the amount is equal to or greater than 1,000 euros or its equivalent in foreign currency. That is, if any of the parties involved is a professional or businessman, the limit to pay in cash will be 1,000 euros, while that amount is extended to 10,000 euros in the event that the payer does not have his tax domicile in Spain, and can also justify it.
Failure to comply with this rule is considered a serious administrative offense for which both the payer and the recipient of the money will be responsible. In the event that the established limits are exceeded, a 25% of that amount will be applied as a penalty, with a minimum of 250 euros, although the fine could be reduced by 50% if certain conditions are met.
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