At the end of last year we had a big surprise with Wallapop, Vinted and the rest of the peer-to-peer buying and selling apps. And, according to the European directive DAC7 which came into force this year, the Treasury can fine you if your commercial income meets certain conditions.
What the new European regulation aims to achieve
Like all European regulations, it also concerns USA
European tax regulations, already applied by the Spanish tax administration, ensure that the sale of products on buying and selling platforms becomes a main activity for individuals or that it generates at least a series of recurring income that can simply be classified as economic activities. as a self-employed worker.
The idea is that from a certain amount of annual income, some of the products and services offered in these applications are taxed in the same way as if they were offered as a primary activity. In fact, may require registration with the Special Scheme for Self-Employed WorkersIt is therefore necessary to monitor it very carefully.
When will you have to declare your income?
According to European regulations, there are certain conditions to know whether or not you are exempt from declaring all income received in the annual income tax return. In addition, they will have to be self-employed and be subject to the above-mentioned regime, whether or not they exercise another job or a separate professional activity.
Supervised activities
- Real estate sale such as apartments or garage spaces.
- Real estate rental such as those described above as well as vehicles (in this case, those who rent or buy a car must pay the 4% real estate transfer tax).
- Personal services as lawyers or teachers.
Income requirements and minimums
- Those who sell 30 or more items/services per year.
- Those who obtain 2,000 dollars or more per year from its sales of products and services.
How much will you be taxed as a self-employed person?
In addition to the monthly fee applied to self-employed workers, invoices must be issued with a income tax section which will vary depending on income:
- From 1,080 to 6,000 dollars per year: 19% personal income tax.
- From 6,001 to 50,000 dollars per year: 21% personal income tax.
- From 50,001 dollars: 23% personal income tax.
Only 1% of app users are exposed
To avoid penalties from the tax authorities, simply declare the operations described above and follow the tax guidelines as self-employed workers. Also The platforms have a form in which to enter our data to be able to formalize these operations (basic data are requested such as the DNI, the tax identification number for VAT, documents that reflect the income obtained each quarter, etc.).
However, the truth is that Most users will not be affected. While it is true that some professionals offer their products and/or services on these platforms, they do so through another channel. As for private users, Wallapop claims that only 1% will be affected by this regulation.
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