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V3064-18 ·28 November 2018 ·consulta-vinculante Medium impact
Tax

Withdrawing cash from an account to make payments has no implications for Personal Income Tax

The inquirer asks whether withdrawing cash from their account to keep at home and make payments has tax implications. The DGT responds that the act of withdrawing and spending the money does not affect Personal Income Tax, but warns about the need to prove the origin of those funds in the future.

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2018-11-28PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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