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What do you do with your old Xiaomi, Redmi or POCO? You give it away, you give it away in exchange for another new phone, you keep it,
What do you do with your old Xiaomi, Redmi or POCO? You give it away, you give it away in exchange for another new phone, you keep it, or you buy second-hand Wallapop, Vinted, etc. You sell it on sites. But if you decide on the latter, be careful, because The treasury is finalized for next 2024, which will arrive literally in two weeks.
Applications for buying and selling second-hand goods will be of particular importance in the 2024 Income Campaign, where the Treasury will ask for the data of people selling on these digital platforms.
is called Known as Directive 2021/514 and DAC7 Directiveon cooperation in the field of taxation and “The real innovation is the obligation to share information obtained through digital platform operators with other EU countries.”
This means digital platforms must collect, verify, update and transmit data on merchant transactions. On well-known apps like Vinted, Wallapop, eBay and even AirBNB. In short: On any digital platform where goods are sold and/or rented or services are offered.
As of January 1, digital platforms (Vinted, Wallapop, Airbnb, eBay…) will have to provide information to the Treasury about the operations carried out by their users. DAC7 Directive comes into force.
Be careful what you do and, above all, how you announce it… pic.twitter.com/2ATjzZ1TkB
— David Miranda (@davmiranda) December 9, 2023
The purpose of this regulation “Increase transparency and improve the exchange of information between platforms like ours and tax authorities in the EU.” So if you are a seller on any of these platforms, If you exceed a limit in terms of activity and/or income, you will be required to provide the data requested by the platform.
Does this mean that if I sell my old Xiaomi via Wallapop, I have to give my private data to the app? Yes and no, because like any other operation, you have to exceed a limit.
Let’s see an example with Wallapop: If you are a merchant who uses Wallapop’s transaction services such as wallet or shipping during a calendar year and You sold 30 or more items or received more than 2,000 euros in salesWallapop itself will contact you via e-mail and notification center so that “cFill in the fields with the required information.
Treasury will request this data from Wallapop because Your economic activity in the application will have exceeded the applied limit. Therefore, Wallapop will ask for the same data that the Treasury requested from it. If you do not send within a certain time, “your account will be blockedThis means you will not be able to access your Wallapop account or use our services (shipping, wallet,…).”
What kind of data can they ask me if I sell more than 30 things a year and/or earn more than 2,000 Euros? If you are a real person, these are:
For anyone wondering, If you are a seller, tax obligations remain the same The Change regarding paying taxes in the 2024 Income Tax return is that if your sales volume exceeds the limit set by each digital platform, you need to submit the data they request and they will forward it to the Treasury.
via | Wallapop, eBay
In Xiaomi World | It looks like spying: Your Xiaomi has a sensor that can detect hidden cameras and microphones
Source: Mundo Xiaomi
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
