What you put up for sale on Wallapop, Vinted or eBay is public, but until now, unless an organization asks, what you managed to sell remained between you and the platform. However, the regulations have changed and from January 1, 2024, platforms must communicate to the Treasury the data of sellers who sell products or provide services above the limits set in Directive 2021/514, better known as the Directive. European DAC7. In this way, the income obtained from the sale will be notified to the Tax Agency.
By changing the regulations on January 1, 2024, these changes will not be applied in the 2023 Income, which is carried out in the 2024 campaign of the Tax Agency, but will be reflected in the one delivered next year. 2025. In this way, when drafting the Income Tax, all second-hand sales made throughout 2023 will not be reflected as capital gains.
What data will Wallapop communicate to the Treasury
Online buying, selling and service provision platforms such as Airbnb will have to report the activities on their platform that involve:
Leasing of properties, including parking spaces. Personal services. Sale of goods. Leasing of any means of transportation.
Regarding the people who carry out these activities, the platform will have to collect the seller’s data, identify the accounts where they receive payments and how much they have earned, as well as the fees or taxes that the platform has charged the seller.
The data that will be sent to the Treasury includes:
Bank details.Income obtained in each quarter.Number of sales made in each quarter.Fees, taxes and commissions collected or withheld.
One of the novelties of the DAC7 Directive is that it introduces the concept of due diligence for these platforms, which obliges platforms to communicate this data in accordance with rules that have already been published by the Ministry of Finance.
This due diligence also transfers to Wallapop and the rest of the second-hand portals the obligation to review the veracity of the data they send.
Which users will be affected The new DAC7 regulations do not affect all users of sales portals. The platforms will only send information from those who meet the following conditions:
Be a resident of the European Union.Have earned more than 2,000 euros throughout the year.Make 30 sales or more during the year.
Do I have to pay taxes if I sell on Wallapop or Vinted?
The obligation to report income and movements on second-hand portals such as Vinted does not imply any change in how these operations are taxed. The taxation of second-hand purchases and sales remains exactly the same.
This means that in most cases you will not have to pay taxes on what you sell on Wallapop or eBay. The regulations in this sense are very clear: you only have to pay taxes when there is a capital gain.
This profit is produced by the difference between the purchase price and the sale price. For example, if you buy a car for 2,000 euros and sell it for 2,800 euros or if you buy a cell phone for 300 euros and sell it for 350 euros.
In that case, this benefit will be taxed within the savings income along with the rest of the capital gains and losses at rates ranging from 19% to 28%.
If you have not earned money, you will not have to pay taxes on those sales, although you will not be able to charge them as a capital loss either. And the Treasury understands that this loss of value is due to the passage of time.
For practical purposes, taking into account what is sold on these platforms, very few users will have to pay taxes under current regulations. This does not mean that, if there are more than 30 operations or more than 2,000 euros are deposited, the platform asks them to fill out their tax data with the information that must be sent to the Treasury.
Another issue is sending information about buyers who, in theory, would be required to pay the Property Transfer Tax (ITP).
What the directive seeks is greater control over transactions on this type of platforms. Through the number of transactions it is possible to detect profiles that carry out covert, undeclared financial activity, the sale of counterfeits or stolen items.
So that you understand it better, who most and who least can sell a new object that has been given to them at a reduced price, but when a profile does so systematically, it is possible that its origin or quality is not what it should be.
