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Do I have to include payments with Bizum in 2021 – 2022 income tax return?

Cash is almost a stranger in our portfolio now. Every time we go out for drinks with friends or borrow…

By admin , in news , at May 17, 2022

Cash is almost a stranger in our portfolio now. Every time we go out for drinks with friends or borrow someone’s money, we use different payment methods in which coins and bills are no longer the main characters. and has been one of the most popular in recent years due to its simplicity and speed bizum,

Bizam is an instant account-to-account payment service via mobile phone. With it, it is possible to make instant payments between individuals in a secure manner, regardless of the user’s bank. This is how its use has spread and some businesses even use it as a payment method. But should this operation be declare them in the treasury,

bizm and income statement

bizum It is designed to perform small transactions, so neither tax agency Nor do banks usually pay attention to them. In fact, the range of service is 1.000 euroThis is the maximum amount that can be sent.

The Treasury only investigates actions that exceed the limits set by law, which currently 10.000 euro,

However, paying with bizum As long as we don’t exceed the limit in the income statement. that yes, tax agency You can ask the bank for information about these operations if many large amounts are created in a short period of time.

self-employment issue

some businesses use bizum as payment method. In these cases, it is necessary to declare these payments as being received through bank cards.

It is important to avoid that these incomes are made into personal accounts and not companies, as I can get into trouble. hacienda,

Do I have to include payments with Bizum in 2021 – 2022 income tax return?

2022-05-17 11:52:29