Since its launch in 2013, Wallapop has become a digital platform that has revolutionized the buying and selling market. It offers users an easy, quick, and accessible way to get rid of items they no longer need and find opportunities to acquire products at lower prices. What initially started as a local alternative for selling used items has evolved into a reference in the digital world, growing exponentially in recent years.
One of the most important novelties that has emerged with this growth is related to the incorporation of the European directive DAC7 into Spanish legislation. This allows the Tax Agency to verify the income generated through platforms like Wallapop, Vinted, as well as rentals of vehicles and vacation homes. Starting this year, the Tax Agency has included data from operations carried out on digital platforms in the income tax fiscal record. This means that if a user exceeds 30 annual sales or 2,000 euros in income, they must declare that amount as a capital gain.
The obligation to declare also affects those who rent their vehicles or properties through platforms like Amovens or Airbnb. Additionally, those operating on cryptocurrency platforms like Binance or Coinbase must keep in mind that any gain or loss derived from the buying and selling of crypto assets must be declared in the income tax.
To avoid problems with the Tax Agency, it is crucial that taxpayers who sell second-hand products or rent goods through these platforms maintain a detailed record of all their operations. The Tax Agency now has access to a complete record of transactions carried out, which increases control over investments in cryptocurrencies.
