Cash payments for goods and services to be capped at €1,000
Wednesday, November 30, 2016 @ 10:49 PM
PAYMENTS for goods or services in cash may not be more than €1,000 in the government's latest drive to fight against tax fraud.
At present, cash can be handed over up to €2,500 without penalty, but this means a high amount of IVA evasion – the most common type of fiscal fraud – is going undetected.
Real-time information about IVA declarations via mandatory technology for the 62,000 taxpayers who have to file their returns monthly rather than quarterly will also be launched next year.
Postponed IVA payments will also be tightened up on, and a concerted effort to claw back the tax which remained unpaid by those evaders who took advantage of the PP's 'fiscal amnesty' will be made.
Some 30,000 amnesty beneficiaries are still on file and Montoro has confirmed their tax obligations will not expire under the statute of limitations, meaning however long it takes to resolve their cases, they will not escape having to pay up.
Read more at thinkSPAIN.com