If you live in the EU and make more than 30 sales in a year through Wallapop or Vinted, these buying and selling apps will have to notify the Tax Agency.
Over the last few years, mainly due to the increase in the cost of some devices such as smartphones, there has been has significantly increased the volume of purchases and sales between individuals platforms such as Wallapop or Milanuncios are gaining great popularity, whose applications are among the best for buying and selling second-hand products safely.
Until now, all transactions carried out in these buying and selling services were exempt from taxation, but that could change very soon, since, at the beginning of next year, a new European directive will begin to be applied that will make the Treasury begin to closely monitor sales between individuals on platforms such as Wallapop, Milanuncios or Vinted.
The Treasury will levy a tax on second-hand sales if they exceed 6,000 euros in profits
On January 1, 2024, the European Directive DACC7 2021/514 will come into force, a new regulation that will force second-hand platforms such as Wallapop or Vinted to Send information about your users to the Tax Agency if their transactions on said services exceed certain limits.
Thus, as those responsible for Wallapop and eBay have explained in their official blogs, they will have the obligation to inform the Treasury of a user’s transactions when they are make more than 30 sales within the calendar year or when the amount thereof, after applying the corresponding taxes and commissions, exceeds 2,000 euros.
Furthermore, this new European directive establishes that if a private user makes profits of 6,000 euros with their sales of technological products or clothing, they will have to pay a 19% taxif these range between 6,001 euros and 50,000 euros, they will be subject to a taxation of 21% and if the figure exceeds 50,000 euros, the tax will be 23%.
Therefore, if you usually sell mobile phones or second-hand clothes, we recommend that you keep the purchase receipts for the products you sell to be able to justify that you have sold them for less money than they cost you, since otherwise The Treasury will apply a tax for the total amount of the sale.
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