How much money can you bring in without being tracked by the Treasury?

The Tax Agency monitors money transactions depending on the operation carried out.

The account holders and the bank are the only ones who have knowledge of the transactions that take place in a bank account. However, there are certain movements that the Treasury is aware of in order to avoid any tax fraud. To do this, the bank reports on them.

To know which transactions require justification, you have to see if it is a transaction with cash or virtual money.

In the first type, the Treasury requests information on transactions exceeding 10,000 euros outside Spain and 100,000 euros within the country. On the other hand, the Tax Agency and the Bank of Spain also control the withdrawal or deposit of 500 euro notes.

If, on the other hand, virtual money is used, the Treasury controls any transactions that exceed 10,000 euros and payments or collections of 3,000 euros or more. In addition, banks are also asked for information on any transactions for those who have acquired a loan or credit exceeding 6,000 euros.

Normally, the Treasury does not ask the client for information, as long as it does not detect an anomaly, it tries to obtain banking information and follow up.

Source: Antena 3