EXIT AND ENTRY OF MONEY REQUIRING PRIOR DECLARATION

Many are the people who, with residence in the country, obtain monetary returns outside this and ask us what limits or procedures need to be done to be able to enter different amounts of money to Spain

Since the entry into force of Law 10/2010 against money laundering, the Treasury has been obliged to provide a preliminary justification based on the amounts, as follows:

Tickets over €10.000: Must be made prior to the entry of the money before the customs services. If you come from an EEC country, it will be enough to do so electronically.

Movements per national territory in excess of €10.000: a declaration must be submitted to the Provincial Customs offices.

These obligations are intended to improve the transparency of baking movements described above, although they are not subject to any tax.

 

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