The Council of Ministers approved Law 11/2021, of 9 July, on measures to prevent and combat tax fraud, transposing Council Directive (EU) 2016/1164, of 12 July 2016, laying down rules against tax avoidance practices that directly affect the functioning of the internal market, amending various tax rules and on the regulation of gambling.
Please find below the link to the provision published in the BOE on 10 July:
This Law introduces important measures with fiscal implications. It establishes measures in relation to cash payments, setting new limits. Due to the immediacy of this measure and its significant transcendence, we are bringing forward this memo, only regarding this measure.
Modification of Law 7/2012, of 29 October, on the modification of tax and budgetary regulations and on the adaptation of financial regulations for the intensification of actions for the prevention and fight against fraud.
The amendment affects article 7 of Law 7/2012, of 29 October, on the modification of tax and budgetary regulations and on the adaptation of financial regulations for the intensification of actions for the prevention and fight against fraud in several sections: number 1 of section One, numbers 4 and 5 of section Two, number 1 of section Three, and it is added number 5 in the aforementioned section Three, which are worded as follows:
May not be paid in cash transactions in which any of the intervening parties acts as a trader or professional of an amount equal to or greater than 1,000 euros or its equivalent in foreign currency.
However, the aforementioned amount shall be 10,000 euros or its equivalent in foreign currency when the payer is a natural person who can prove that he/she does not have his/her tax domicile in Spain and is not acting as a trader or professional.