In recent years, the use of money is losing prominence progressively and almost silently, although it is a notorious reality. And more and more companies are prioritizing payment by card or cell phoneto the point that if you pay cash you might get a strange look while they bring the dataphone to you.
File image of a card payment on a dataphone with contactless technology
However, there are still many Spaniards who carry cash in their wallets and They usually pay with notes and coins. Although, at the same time, it is clear that the State is increasingly investing in electronic payment methods, as they allow greater traceability of operations and facilitate control of the underground economy and illicit activities. And this is where limitations and restrictions on the use of money come into play.
The lawyer warned about this issue David Jiménezlegal promoter on social networks such as TikTok, who reminds us that the legal limit for paying in cash in Spain It is no longer the same as it was for years.. As he explains, the change occurred a long time ago, but is still unknown to a large part of the population.
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As detailed Jiménez, The change came with Law 11/2021, on measures to prevent and combat tax fraud, which came into force in July 2021.. This rule reduced the maximum limit for cash payments when a businessman or professional intervenes, which went from 2,500 euros to 1,000 euros.
Since then, the law has established that cash payments cannot be made. equal to or greater than 1,000 euros in operations with companies or professionalsregardless of whether the payment is made in one go or whether you try to split it into several deliveries. A nuance that, according to the lawyer, many continue to ignore.
The President of the Government and Secretary General of the PSOE, Pedro Sánchez, together with the Deputy Secretary General, María Jesús Montero, and the Secretary for Equality, Pilar Bernabé, at the PSOE headquarters in Madrid.
Jiménez also warns that exceeding this limit could have important economic consequences. THE Tax Agency includes sanctions proportional to the amount unduly paid in cash, which is why it always recommends the use of electronic means when the value of the transaction approaches the legal limit to avoid suspicion on the part of the Treasury.
