The Treasury is watching you and You can get caught very quickly if you do this.so you need to be willing to be accountable or stop trying to make extra money. In our country, earning a decent living is complicated, with taxes skyrocketing and the basket almost at the same height, we struggle to get what we want and much more. Undoubtedly, the time will come when we must move forward with caution, otherwise our efforts will come to nothing.
Not only will we pay a significant amount in the tax return, but we could even be fined. Something unusual for just trying to earn extra money or at least survive in the country with the lowest wages and highest expenses. With a salary of 1,200 euros and rents that can exceed this figure or a basket that represents half of this money for families, earning extra on second-hand platforms by reusing clothes or other objects becomes a risk . The Treasury is closely scrutinizing second-hand sales platforms.
The Treasury fines you for doing what we all do
Today, every euro counts, especially when we are faced with resources that They can burn out and even cost us dearly.. We want to get the most out of everything we buy and to do this there is nothing better than going in search of certain elements that will end up being those that will accompany us in the days that await us.
The Treasury does not want money to be made without reporting to it. He is therefore very aware of all the transactions carried out. So we need to start taking a little more care about everything we do and how we do it.
Second-hand sales transactions carried out on platforms like Wallapop or Vinted have their days numbered. This time will have come to start managing some details that go hand in hand and that we may not have taken into account until now.
It can be sold for up to 2,000 euros, when the Treasury begins to worry about unregistered accounts. In the same way that there is a limit to operations that involve the tax administration sending you a request.
He’s watching you and can catch up with you very quickly
The Treasury demands accountability from online sales platforms for second-hand products. Vinted or Wallapop are on the agenda and could end up being the ones that mark a before and after, in this process that you may not have taken into account until now.
It’s time to pay attention to what those experts who monitor our accounts are telling us. The reality is that since all transactions are made online, it is easy to know how much we have won. In a way, it’s not a win, because we are simply selling less a product that we bought for a much higher amount.
But even though it is a private activity that helps the planet, since it does not generate as much waste. We must be prepared to be able to deal with certain situations that we may not have taken into account until now. According to specialists like DiG Abogados: “Second-hand sales between individuals, such as those carried out on Wallapop, Vinted and Milanuncios, are subject to specific regulations. According to Spanish law, casual sales between individuals are not subject to value added tax (VAT), as they are not considered a commercial or professional activity. However, this does not exempt sellers from complying with other tax obligations.
Continuing with the same explanation: “Even if occasional sales between individuals are not subject to VATthey may be subject to Personal Income Tax (IRPF). According to the Tax Agency, if the sale generates a capital gain, this must be declared for personal income tax. The capital gain is calculated as the difference between the acquisition value and the sale value of the property transferred.
I’ll give the simplest example to understand: “Let’s imagine that a Wallapop user sells an item that he initially bought for 100 euros and resells it for 150 euros. In this case, the capital gain would be 50 euros, and this capital gain must be declared in the personal income tax declaration corresponding to the year in which the sale was made.
When in doubt, it is always better to turn to a specialist: “The Tax Agency uses several criteria to determine whether an activity is considered a business, such as the regularity of sales, the volume of income and the way in which the products are sold. are presented. It is important that users of these second-hand platforms evaluate their personal situation and, if in doubt, consult a tax advisor to ensure that they comply with all legal obligations.
