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Discussion Starter · #1 ·
I've been sent a e-note from my PT bank which I think says that there is now a limit of 3000 euro payment in cash and it's retrospective so covers anything already bought but awaiting invoice payment. Can anyone clarify this further?
 

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Thanks for that. A bit confusing though as (edited for clarity)

General Tax Law and prohibits "paying or receiving cash in transactions of any amount over €3,000."

The draft law provides for some exceptions as foreigners are able to make payments of up to €10,000 in cash



How can that work as the "foreigner" may pay 10,000 cash but the non-foreigner can only receive a max of 3,000 cash.
 

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Thanks for that. A bit confusing though as (edited for clarity)

General Tax Law and prohibits "paying or receiving cash in transactions of any amount over €3,000."

The draft law provides for some exceptions as foreigners are able to make payments of up to €10,000 in cash



How can that work as the "foreigner" may pay 10,000 cash but the non-foreigner can only receive a max of 3,000 cash.
In Spain the limit is 2,000€ soon to go down to 1,000€ It is all about money laundering. Non-resident are allowed a bit more leeway because they may be purchasing property.
 

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Thanks for that. A bit confusing though as (edited for clarity)

General Tax Law and prohibits "paying or receiving cash in transactions of any amount over €3,000."

The draft law provides for some exceptions as foreigners are able to make payments of up to €10,000 in cash



How can that work as the "foreigner" may pay 10,000 cash but the non-foreigner can only receive a max of 3,000 cash.
..............................................................................................................
my experience was being asked to bring €12,000 in cash (as you do, everyday) to a promissory contract signing, attended by the vendor, his agent & MY lawyer of the time.......
They were genuinely confused when I walked away.
Long overdue change.
 
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