This is from anrewsletter which I edit (it is not my info) :-
CASH PAYMENTS
Regulations forbidding businesses making cash payments to other business of more than 2,500 euros take effect this week. Those breaking the new law will be fined 25% of the sum involved. Transactions between businesses and private non-resident individuals are also now restricted 15.000 euros, and the transaction receipts must be kept for 5 years.
Residence Permit for buying property
The Government is considering giving Residence Permits to foreigners who buy a dwelling costing more than 160,000 euros. Prime Minister Rajoy’s comment on this bizarre proposal was, ‘We need to sell those dwellings!’
In our opinion, taking into consideration all the problems of being a foreign resident in Spain, the proposal is more of a threat than an advantage. It will have no effect on the decisions of citizens or Northern Europe, but may be to the benefit of ‘shadowy tax evaders and tricksters’ from outside Europe.
Residents must report assets abroad
As from the first quarter of 2013 Foreign residents in Spain must, in the same manner as the Spanish, report to the Spanish tax authorities all their assets abroad, meaning basically in their home country. On the declaration form, in preparation, taxpayers must declare all accounts in foreign banks, properties and property rights, insurances and all other assets with a value of more than 50,000 euros.
This message was last edited by johnzx on 21/11/2012.