In recent years, instant payment platforms such as Bizum, Revolut, PayPal and N26 have become everyday tools for both individuals and small businesses. But… does the Spanish Tax Agency (Hacienda) know what you receive through them?
The answer is yes.
Tax control over new payment methods
Since 2021, all entities that provide electronic payment services have been required to report information to the Spanish Tax Agency when users’ transactions exceed certain thresholds.
The goal is clear: to prevent tax fraud and ensure that income from business activities is properly declared — even when received through digital platforms.
When must these platforms report to Hacienda?
Payment platforms must share transaction data when one of the following conditions is met:
- 💰 The total amount received exceeds €3,000 per year, or
- 📦 The user performs more than 30 transactions in a calendar year.
This information is sent to the tax authorities of the user’s country of residence — in this case, Spain.
From 2026: control from the very first euro
A new EU regulation on cross-border payments will come into force in 2026, allowing Hacienda to access all payment data, even from the first euro, without the need to reach any threshold.
This means full transparency for income received through Bizum, PayPal, Revolut, or similar platforms — especially for professional or commercial activity.
Which payments must be declared?
Only personal transfers between private individuals are exempt from declaration, such as sending money to a family member or splitting a restaurant bill with friends.
However, if you use these platforms to:
- Receive payments for your work or services,
- Sell products or manage online sales, or
- Handle income from your self-employed activity,
➡️ These payments must be included as taxable business income.
Failing to declare them may lead to regularisation, surcharges, or even penalties if discrepancies are found.
Recommendations for self-employed professionals and local businesses
If you’re self-employed or run a business on the island and use Bizum, Revolut, or PayPal, we recommend:
- Separate your personal and professional accounts.
Avoid mixing private and business operations. - Keep records and supporting documents for all transactions.
Save screenshots or statements of payments received from clients. - Include all income in your quarterly and annual tax returns.
- Seek professional tax advice.
Proper management helps you avoid penalties and optimise your tax planning.
Conclusion
Digital payment platforms bring speed and convenience — but also tax responsibilities.
At Roig Ruiz Abogados & Asesores, we help both residents and non-residents comply with their tax obligations and adapt to the new digital taxation framework with confidence and transparency.
📍 Roig Ruiz Abogados & Asesores
Legal, tax, accounting and labour consultancy in Ibiza.
🔗 www.roigruiz-abogados.com
