tax authorities The focus is on second-hand platforms. TO from January 1, 2024Wallapop, Vinted, eBay or similar They must inform the tax authority about the sales made by their users.
And in January that European Directive DACC7 2021/514better known as the European DAC7 Directive, a regulation that requires these companies to notify the Ministry of Finance Data about sales made by some of its users.
This includes: first and last name of the seller, tax identification number (NIF) or alien identification number (NIE), residential address, date of birth, as well as information on sales made, the quantity sold, the date of sale, etc. of the products or services sold
According to the regulations is All digital platforms operating in the European Union are required communicate this data to the tax authorities of the Member States. In particular, they must send the information to the treasury of the users carrying out the implementation 30 or more companies per year or those that make annual sales worth 2,000 euros or more.
Therefore, If a private individual makes a profit of 6,000 euros from their sales, they have to pay 19% tax. If the profit is between 6,001 and 50,000 euros, you have to pay 21% tax. And if the amount exceeds 50,000 euros, the tax is 23%.
The Selling second-hand items has grown significantly in recent years and has gone beyond the business world to reach users themselves who can easily buy and sell used items through a mobile application. With the rising cost of living, this model also offers great savings for consumers who can continue to purchase products at a lower price.