The applications Wallapop or Vinted In recent years they have grown enormously, being used by a large number of users. These platforms allow you to sell second-hand products, so that another person can give them a second life. The Tax agency has put the focus on these platforms, since they could be used for the tax evasion.
It is estimated that over 60% of Spaniards use platforms for buying and selling used products. Some, thanks to these platforms, achieve substantial savings of up to 20%. A study also highlights that 55% of Spaniards sell objects that they use very little on this platform.
You may think that carrying out transactions within this application does not have the slightest risk, although this is not always the case. There are many people who use these platforms to carry out scams or tax fraud. For this reason, the Tax Agency has asked the Wallapop, Vinted and other platforms for all platform operations and user data.
Maximum to sell on Wallapop or Vinted without declaring
This measure to control these platforms has not been the idea of the Tax Agency. Actually, they are complying with the DACC7 Directive 2021/514 to “prevent tax fraud, tax evasion and avoidance.” This demand arises from concern about the proliferation of these platforms in the European Union. The aim is to prosecute tax fraud and other tax crimes that may occur.
All transactions will be monitored, although not all users of this platform will have to indicate whether they have carried out any operation. Only sellers will be required to declare income. Specifically, two assumptions have been established by which sellers must add this information to their declaration:
- Have exceeded 2,000 euros of annual income, regardless of the number of operations.
- Having carried out more than 30 operations in a year, regardless of the financial amount.
You should know that this only applies if there is a capital gain. Come on, if you are selling something above the purchase price, if it is below, it is not necessary to pay anything. But be careful, the operation cannot be deducted as losses either, something that could constitute an infringement.
The Treasury rubs its hands with the 2024 Income
Despite this, the Tax Agency will have a record of all transactions with the parties’ data. The user’s data, bank details, income obtained each quarter, total transactions and the fees or taxes charged for carrying out these operations will be recorded.
All this data is usually added freely to the platform, without anyone wondering about the subsequent use of the data. Now we know that these platforms will send them to the Treasury to check if there is any type of trap to avoid paying taxes.
Although the Treasury has already begun to collect this information, the good thing is that the data begins on January 1, 2024. This means that it does not affect this 2024 Income campaign, where the income from last year 2023 is declared. It will be in 2025 when, for the first time, the user must declare the income obtained within platforms such as Wallapop or Vinted, among others.