A new EU-wide ceiling on large payments is due to apply from 10 July 2027, setting a maximum of €10,000 for commercial cash payments across the bloc
A €10,000 ceiling for commercial cash payments
Regulation (EU) 2024/1624 introduces a Union-wide limit on large cash payments above €10,000. It is intended to reduce the risks associated with large sums changing hands anonymously.
Yahoo Finance reports that this covers a single cash payment above €10,000 or linked payments that together pass that amount. Payments over the limit would need to use an identifiable method instead, such as a bank transfer or card payment.
Spain’s lower limit and the exception for non-tax residents
The €10,000 EU figure is a bloc-wide maximum, and countries can keep lower national limits.
Spain’s Tax Agency states that transactions worth €1,000 or more cannot be paid in cash when one party acts as a business owner or professional.
The threshold is €10,000 when the payer is a private individual who can prove that they do not have their tax domicile in Spain and are not acting as a businessperson or professional.
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