Spain Tightens Cash Use Restrictions: New Limits Spark Concerns and Financial Advice. Spain is increasingly restricting the use of cash, introducing new limits on commercial transactions, bank deposits, and withdrawals. These measures aim to curb tax evasion and promote transparency. The changes have prompted discussions about the implications for individuals and businesses. "Hacienda is restricting the use of cash more and more," explains a financial expert featured in a recent video. "There are limits on commercial cash operations, and bank withdrawals and deposits must be justified if they exceed certain amounts." The expert also warns of the risks associated with keeping large sums of cash at home, citing inflation and the increased risk of theft. The new regulations set a limit of €1,000 for cash payments and €3,000 for bank withdrawals and deposits, with frequent, unjustified transactions potentially leading to fines of up to €150,000. This move reflects a broader global trend towards cashless transactions, but it leaves many Spaniards questioning how to best manage their finances. Experts advise using electronic payment methods and keeping only small amounts of cash for emergencies. The changes highlight the ongoing evolution of financial practices and the need for individuals to adapt to the new regulations.
La Agencia Tributaria controla el uso del efectivo con límites legales, vigilancia de billetes y operaciones bancarias, mientras miles de españoles s…
Una experta en economía ha avisado sobre los peligros con Hacienda por guardar dinero en casa. Lo que debes saber sobre guardar dinero en casa
