Users of second-hand platforms such as Wallapop either Vintage They will have to report to the Treasury if they do not wish to receive a financial fine. European directive January 2024 requires these companies to make available the Tax Agency all the movements of its customers in order to know the situation of the people who do big business on these pages and who do not declare these sums. The first sanctioned will receive in the coming days the so-called fear letters.
Go to second-hand pages like Wallapop or Vinted It has become a habit for hundreds of thousands of Spaniards who go to these platforms either to get a product at a reasonable price or to earn a few euros by selling equipment that they do not usually use. Therefore, the European Union wanted to intervene in this form of e-commerce in order to prevent people from doing business without going through Tax authorities.
Thus, last January 2024, the Royal Decree 117/2024 following the steps of the European directive DAC7 (Directive 2021/514). The one already baptized as DAC7 requires this type of second-hand platform to communicate to the tax authorities all customer data related to the purchase and sale of items on their websites. All with the aim of knowing the users who do business through these channels and who will not declare it to the tax authorities in their annual tax return. Personal income tax.
Hacienda and Wallapop
Thanks to its official website, Wallapop provides its customers with all the information related to the new European Directive that requires it to inform the Treasury of all its customers’ movements. “What is DAC7?”, we read in the title of the article in which the page informs all its customers of the content of this standard. “DAC7 is a directive of the European Union (Directive 2021/514), which requires digital platforms to share certain information about their sellers with the tax authorities. “This regulation applies to all EU countries (including Spain, Italy and Portugal)”, it begins.
Wallapop It also states that the aim of this regulation is: “To increase transparency and improve the exchange of information between platforms like ours and EU tax authorities.” This is why this second-hand goods sales platform states that from 1 January 2023 “it is required to collect, verify and communicate to the tax authorities information on certain sellers who use our platform.”
Who can be fined?
Pages like Wallapop or Vinted They must inform the Treasury of their customers’ data, but you can rest assured that the tax authorities will not pursue you if you use these platforms to survive on an occasion and do not use them as a means of obtaining significant income. This European directive requires these companies to provide information on users who have made more than 2,000 euros in profits by selling products on second-hand websites or those who have made more than 30 transactions.
If you are in this situation, the user in question will have to declare this money in his annual income tax return in order to avoid scares once the campaign is over. This royal decree 117/2024 entered into force in 2024 with retroactive effect in 2023 and therefore people who received great benefits through these channels last year had to have presented it during the income campaign that ended on July 1. Those who find themselves in this situation and have not done their homework, everything indicates that in the coming days they will receive the so-called fear letters from the Treasury, with which the Tax Agency informs taxpayers of any irregularities in their tax return.
If everything results in a financial fine, it could represent around 50% of the profit obtained during a calendar year by selling second-hand products on these platforms. If in 2023 you have had significant income from this practice and you have not informed the Administration, it is advisable to report it before the Treasury informs you and informs you, because the fine will be higher in this case.
