15.9 C
Saturday, December 3, 2022
    Home Life in Spain Cash payments in Spain between individuals and companies limited to 1000€

    Cash payments in Spain between individuals and companies limited to 1000€

    This is included in the Law against Fiscal Fraude which was published in the BOE and is valid as per 11.7.2021.
    The amount used to be 2.500 euros but has now been now brought down to a maximum of 1.000 euros.
    Mind this: the amount refers to the total amount paid to a professional or a business, even if the payment has been divided into several instalments that remain below the 1.000 euros limit each. This also includes wages paid in cash and refers to the brut amount, including payments for extra hours and also for meals or transport. And it is not the case that payments can remain in cash up to 1.000 euros and only the exceeding amount can be transferred, the whole wage needs to be transferred by bank transfer.
    Both parties can be held accountable if cash payments are still made, but as the employee is not in a position to refuse cash if the employer insists, it is most likely that sanctions will be primarily directed at employers.

    Must Read

    Forest fire spreads in Sierra Bermeja

    Since Wednesday, firefighters have been fighting a huge forest fire in the province of Malaga. On Sunday, the fire increased in intensity once again....

    Two sailboats in one day had to be towed by Salvamento due to killer whale attacks

    On Monday Maritime Rescue has towed the sailboat 'Eva', after its four crew members reported having suffered an attack from killer whales a mile...

    The XXII Sotogrande Cup in the waters of the Strait of Gibraltar will happen from 13 to 15 August

    The Port of Sotogrande will be the place of attraction for catamarans, one-designs and cruisers, all in the celebration of the XXII Sotogrande Cup,...

    Andalusia decides to permit access to nightclubs only with EU-COVID certificate

    The Junta de Andalucía, following a proposal by the Regional Committee for High Impact on Public Health, has decided to restrict access to the...

    A series of boat robberies worries boat owners in Sotogrande

    Boat owners in the port of Sotogrande are worried. In recent days there has been a wave of thefts of boats and only some...