I'm sure you've bought clothes at The Vintage Pattern and you are making a lot of money, that's why you are worried about the tax authorities. Don't worry, we are here to solve all your doubts. Read on to find out if you have to pay taxes for selling in Vinted.
If you are worried because you have heard about the new tax rules for digital platforms such as Vinted o Wallapop We are here to help you.
From the beginning of this year, 2024, digital trading platforms will have to comply with a directive, the DAC7. This directive has been created in order to prevent tax fraud and tax evasion. Applications such as Wallapop o Vinted shall provide detailed information to the Tax Agency on purchases and sales in their apps, including the data of their sellers. This rule will only apply to sellers with more than €2,000 per year in revenue or more than 30 transactions per year.
At the moment, platforms are only being required to report, so no taxes have been imposed on users who exceed this monetary level, so you won't have to declare it when you file your income tax return, which, by the way, we leave you a video which explains how it has to be done quickly.
THESE ARE THE OBLIGATIONS IMPOSED BY THE TRANSPOSITION OF DAC7
The DAC7 imposes some rules on digital platforms such as Vinted o Wallapop. These platforms have to collect information about users and sellers such as where they live and what kind of products they sell. products sold. If a seller does not provide this information, their account may be closed or their money may be withheld until the platform receives the requested information.
Apps must inform the tax authorities of the names, addresses, tax ID numbers and date of birth of persons who have carried out more than 30 activities per year or who have received more than 2,000 euros.
In the case of users who make private sales, they are not obliged to add this income to their tax return.
