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Spanish Council of Ministers Approves Draft Law on the Prevention and Fight Against Tax Fraud

|Proposed Changes|Spain
Spain

On 13 October 2020, the Spanish Council of Ministers announced its approval of the draft Law on the Prevention and Fight Against Tax Fraud, which is now beginning its parliamentary process. Measures of the draft law include:

  • A reduction in the cash payment limit for certain economic operations from EUR 2,500 to EUR 1,000;
  • The prohibition of all tax amnesties;
  • The expansion of the list of tax debtors, with a reduction in the threshold to be listed from outstanding debts of EUR 1 million to …

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