Story perspectives
Spain Enforces Strict Withdrawal Rules to Combat Tax Evasion
5/11/2025
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Story summary
- Spain has introduced strict new rules mandating that anyone planning to withdraw €3,000 or more must inform the tax authority a day in advance, while withdrawals exceeding €100,000 need a 72-hour notice. Failure to comply could result in hefty fines ranging from €600 to €150,000, and banks will refuse withdrawals without the necessary paperwork.
