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V3279-17 ·21 December 2017 ·consulta-vinculante Medium impact
Tax

Withdrawing cash from personal accounts generally has no tax implications for Personal Income Tax

The inquirer asks about the tax treatment of withdrawing cash from personal and business accounts for safekeeping and use in payments. The Directorate-General for Traffic (DGT) indicates that withdrawing money from a personal account does not affect Personal Income Tax (IRPF), but warns of the need to prove the origin of the funds.

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2017-12-21PublishedPublished 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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