The Good Thing Is Over: The Treasury Launches A Serious Warning About The Limits Of Bizum And The Amounts Of Money That Must Be Declared

• Drafting

Updated 01/16/2025 14:05 CET

Bizumthe tool that began to be very popular among young people and that practically all people of all age ranges already use, is now under the magnifying glass of Tax authorities. It has been a long time since the Tax Agency It is well on top of the new fashions that are emerging as a result of the advances of the Internet or the new professions that have emerged as a result of acquaintances. streamers.

First it was Wallapopwhich since January 1 of last year had to provide all the sellers’ data, in order to control the amount of money that circulates through the app, especially those who have entered more than 2,000 euros throughout the year or that they carry out, at least, 30 annual sales.

In the case of the streamers either youtubers it is true that there is no specific regulation as such, but they must follow the regulations like any other person who earns the same amount of benefits. Instead, the Government They have had their eye on the content they upload for a long time, and that is why they created a ‘Influencer Law’with the aim of regulating its activity, just as happens with television.

With BizumHowever, until now there were no known restrictions beyond the minimum and maximum amount that can be transferred in an operation, which are 50 cents and 1,000 euros respectively, and the maximum operations that can be performed, which are 60 per month.

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Well then, Tax authorities has communicated that in fiscal matters the money that moves through Bizum It must be declared in certain cases. First, the banks They have the obligation to report on any operation with “tax significance”, according to the ‘General Tax Law’. Taxpayers, on the other hand, if the amount they send or receive exceeds the 10,000 euros per yearare also required to justify it in the income tax return.

The Tax Agency also warns that if the platform is used to receive money for a economic activity -especially the self-employed-, must declare the Income Tax. If these obligations are not met, users are exposed to fines from the 600 euros until the 50% of the amount sent or received.

Besides, If the origin of the money cannot be justified, contemplate sanctions of between 60,000 euros and 150,000 euros. That is why it is important to always put a concept in all the movements that are made.