Notizia

In Spain Cash Transactions exceeding 2,500 Euros are banned

Ultimo aggiornamento: 19 ottobre 2017

Transactions in cash exceeding 2,500 Euros are banned in Spain starting on 19th of November 2012.
Spain´s Prime Minister, Mariano Rajoy, has announced this on April 2012 to combat tax evasion. Similar moves were done by the Italian government, which recently announced plans to ban cash transactions above 1,000 euros.

Important to know, the 2,500 limit only applies to Spanish residents. For non-resident´s, the limit rises to 15,000 euros.
Those found guilty of breaking the law will be receive a fine totally 25% of the transaction value.

This will also affect the property business. The owners and agents will have to take care about this limit in Spain.

Source: www.agenciatributaria.es (Tax Office Spain)

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norbertomoreau

Norberto Moreau è comproprietario de Allied Management Ltd Consulenze Gruppo (Hong Kong, Regno Unito, Spagna). Il gruppo ei suoi associati hanno attività in Yachting, Proprietà e Servizi online.

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