Like the rest of our life, payment methods have also been affected by technology. It is a fact that metallic money now lives its lowest hours, while payment by card and other online payment means do not stop growing.
That is why not only users have to catch up with these new formats, but companies, business and the institutions themselves must also do the same. This has made the Spanish government prepare A new decree that will impose greater information obligations to financial entitieswhich will directly affect electronic transactions.
The intention of this royal decree is modernize and strengthen fiscal control, and therefore From 2025, the credit, debit card issuing entities and other means of payment will have to Present a detailed report on the movements of its customers to the fine of the year.
In it, information such as the identification of the card holder, the total number of transactions made and the amount of these transactions will be provided. This means that from now on all the movements that exceed the 25,000 euros per year per card will be declared.
In the same way that financial institutions will have to inform monthly about charges made by entrepreneurs or self -employed through mobile payment cards or applications, such as Bizum or Paypal, regardless of the sum. This new measure seeks to avoid practices such as Lighting of capital and the fraud fiscal of the great electronic transactions.
As of 2026, Hacienda will have much more strict control over the money that moves by banks and other electronic media. Banks will have to deliver detailed information to the Treasury about all the large operations that are made.
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