#Venmo, #PayPal and #Cash App to report payments of $600 or more to #IRS this year: What to know
Millions of small business owners who rely on payment apps like Venmo, PayPal and Cash App could be subject to a new tax law that just took effect in January.
https://www.foxbusiness.com/money/venmo-paypal-cash-app-report-payments-irs
Millions of small business owners who rely on payment apps like Venmo, PayPal and Cash App could be subject to a new tax law that just took effect in January.
https://www.foxbusiness.com/money/venmo-paypal-cash-app-report-payments-irs
Fox Business
Venmo, PayPal and Cash App to report payments of $600 or more to IRS this year: What to know
Millions of small business owners who rely on payment apps like Venmo, PayPal and Cashapp could be subject to a new tax law that just took effect in January.
Planning to withdraw #cash in #Spain? You could now face a €150,000 fine
"From now on, anyone withdrawing €3,000 or more from a Spanish #bank must notify the Agencia Tributaria (Spain’s tax agency) in advance. If you’re planning to take out €100,000 or more, you’ll need to give at least 72 hours’ notice. For smaller sums over €3,000, a 24-hour notification is mandatory.
The warning must be filed through the tax agency’s official website using a digital certificate, Cl@ve PIN, or electronic ID card. You’ll receive a receipt that must be shown at the bank when withdrawing your cash.
Fail to notify? You risk a fine between 1 per cent and 10 per cent of the amount withdrawn — starting at €600 and climbing up to a massive €150,000, depending on the seriousness of the violation.
Banks are now required to block withdrawals if they detect missing paperwork..."
https://euroweeklynews.com/2025/04/28/planning-to-withdraw-cash-in-spain-you-could-now-face-a-e150000-fine/
📱 ROBINMG
"From now on, anyone withdrawing €3,000 or more from a Spanish #bank must notify the Agencia Tributaria (Spain’s tax agency) in advance. If you’re planning to take out €100,000 or more, you’ll need to give at least 72 hours’ notice. For smaller sums over €3,000, a 24-hour notification is mandatory.
The warning must be filed through the tax agency’s official website using a digital certificate, Cl@ve PIN, or electronic ID card. You’ll receive a receipt that must be shown at the bank when withdrawing your cash.
Fail to notify? You risk a fine between 1 per cent and 10 per cent of the amount withdrawn — starting at €600 and climbing up to a massive €150,000, depending on the seriousness of the violation.
Banks are now required to block withdrawals if they detect missing paperwork..."
https://euroweeklynews.com/2025/04/28/planning-to-withdraw-cash-in-spain-you-could-now-face-a-e150000-fine/
📱 ROBINMG
Euro Weekly News
Planning to withdraw cash in Spain? You could now face a €150,000 fine
Spain enforces strict rules on large cash withdrawals, with fines reaching up to €150,000 for failure to notify tax authorities