Applications like Vinted or Wallapop allow us to get rid of those products that we no longer use and with which we can obtain a certain economic return. But do I have to declare all sales? And what happens if I forget something? We tell you.
During recent years, the growth of second-hand buying and selling applications has allowed us sell those products that we no longer use and that we can derive a certain economic benefit from, while contributing to the circular economy.
The Tax agency He had been analyzing for some time how to monitor the transactions that were made on these platforms, with the aim of offering citizens the necessary tools to be able to pay taxes on their profits. Now, since last January 1, 2024, and in accordance with the EU Directive 2021/514, Now these apps, such as Wallapop or Vinted, must share their consumers’ information with the Treasury. But what happens if we forget to declare them?
30 operations
The first thing we have to keep in mind is that not all users who use these applications will be monitored by the tax agency. The platforms only have the obligation to inform the Tax Agency of the transactions of those users who have carried out, at least, 30 operations during the same year. In addition, they also have to report in all cases in which more than 2000 euros of profit have been obtained on sales made in the same period, even if 30 transactions have not been reached.
When the platforms detect these users, certain information will be required from them. They must provide it within a maximum period of 60 days. According to Legálitas, this information will include the “personal data and the economic activities of its sellers, whether they are natural or legal persons, indicating the bank accounts used, the registered office, the consideration made or any information of tax interest.”
Users with benefits
He legal framework mentioned previously is focused on those users who obtain benefits from their operations. That is, in the event that a product is sold below its original purchase price, this operation should not be included in the Statement of income, since it does not obtain tax relevance.
However, the same does not happen in the case of people who do this type of transactions as an economic activity, regardless of whether it is primary or secondary.
Penalties for not declaring
The same company mentioned previously states that “if a user performs operations through these platforms and obtains benefits, you must pay taxes on them, whether in the scope of an economic activity or at a private level.”.
If not, it would be necessary to study each specific case individually and obtain data on, for example, how many operations have been carried out and the profit obtained in the sum of all of them. However, it states that the user who has not declared their benefits must pay what was not paid and, in addition, will face a fine that will range between 50% and 150% of what you have not declared. Therefore, to avoid scares, it is better to avoid forgetfulness that can put us in this situation.
