It is worth mentioning that at this time many have set up their own business using these buying and selling apps. Obviously, all of this is done with the aim of generating a series of incomes that can sometimes be considered quite significant. It is all a matter of putting in time and patience, as well as a bit of cunning, to earn good money buying and selling products of all kinds on these platforms.
That is precisely why the Tax Agency in our country has taken the decision to take action on the matter. Basically, what we want to tell you with this is that some time ago it announced a series of limits from which users must pay taxes on these sales in the second-hand market. All of this based on the EU Directive 2021/514 which requires the aforementioned platforms to share sellers’ tax information.
To this directive we must add the Royal Decree approved by the Council of Ministers of our country in January 2024. This regulates the procedure by which these platforms must report on the tax data to the Tax Agency. For all these reasons, the first fines are now starting to arrive for some of the most frequent users of platforms such as Wallapop or Vinted.
Obviously, these sanctions are not liked by almost anyone, so below we are going to tell you how you can avoid them if you use these types of platforms intensively.
Avoid fines from the Treasury for sales on Wallapop
As you can imagine, if you use second-hand market buying and selling apps sporadically, you have nothing to fear. In fact, we can say that the limits set by the Tax Agency are intended for all those who make significant profits through sales on these types of platforms.
We must take into consideration, at this point, that we are obliged to declare our earnings here if we exceed these limits. Specifically, we are referring to the assumption that we do more than 30 operations per year related to the sale of goods through these channels. In addition, we must overcome a amount greater than 2,000 euros in that total annual sales.
This is when we are obliged to declare these earnings to the Tax Agency in order to avoid sanctions in the future. Basically, this means that we will have to engage in this type of sales on a fairly regular basis in order to have to declare them to the Treasury. As the platforms involved themselves state, only a small percentage of their users reach these established limits, so the rest should not worry.
There is no doubt that these sales, which only a few years ago were completely uncontrolled, are increasingly being monitored.