In recent years, online sales of used items have increased considerably, especially through platforms such as Vinned or Wallapop. In fact, it is estimated that this market generated about 5.2 billion euros, the purchase and sale of all types of products, from clothing and footwear to electronic devices or books.
Given this growth, the Tax Agency decided to establish limits. Since January 2024, all platforms are obliged to directly inform the Treasury about transactions made by its users, whether sales of goods, housing rentals, provision of personal services or vehicle rental.
This notification has caused some concern among many users, who could ignore their tax responsibilities derived from the usual use of these applications to sell second -hand products. But how much do you have to sell to declare it?
How much do you have to sell to declare it?
Sellers are obliged to include in their annual statement those income that exceeds 2,000 euros or when they carry out more than 30 operations in the same year. In any case, the Treasury controls all transactions made, although not all of them necessarily generate obligation to declare.
These new obligations come from the DACC7 2021/514 Directive of the European Council, created to combat tax fraud and tax evasion. According to this European regulations, platforms must provide tax authorities with early information on income, transactions made, associated banking data and any applied tax or rate.
Economic sanctions
Users who decide not to declare these profits could face serious economic sanctions. Fines imposed by the Treasury can range between 50% and 150% of the amount not declared, in addition to the corresponding payment of backward taxes.
Therefore, it is essential to analyze each case individually to clearly determine the tax obligations. In this sense, it is recommended to seek specialized advice to guarantee a correct statement, thus avoiding possible fines and optimizing all available tax deductions.
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