The Tax Agency has a clear objective: to combat tax fraud and evasion. To this end, it keeps a close eye on taxpayers' various transactions, and now Bizum has come under scrutiny.
Thus, in Royal Decree 253/2025, published in the Official State Gazette (BOE), the Treasury has reported on the obligation of business owners and professionals to inform the entity of the management of payments through Bizum.
This measure will come into force on 1 January 2026, with the aim of preventing sectors such as hospitality, commerce and other services of this type, which frequently use this method of payment, from failing to declare this income.
How should this be reported?
According to the Royal Decree, financial institutions must report these transactions on a monthly basis with detailed information on the identity of the recipient, business number, payment terminals, total amounts and bank accounts involved.
In the case of self-employed workers, most of whom use this method of payment, this could pose a problem, as many have a single bank account that they use for both personal and professional purposes.
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In this regard, this may cause confusion for the tax authorities regarding the worker's finances, which could lead to inspections or penalties.
According to data from the company Bizum, in 2024, 58 million transactions were made on this platform with an average amount of 53.56 euros.
Previously, the threshold for financial institutions to report transactions made using this payment method to the tax authorities was 3,000 euros.
However, with this change, all these payments will now be monitored by the Tax Agency, which, if it detects anything unusual, will open an inspection of the business or worker.
Other reforms
Royal Decree 253/2025 also introduces other new features. One of these concerns credit institutions that manage the flow of money and credit between their customers.
These companies must submit a monthly information return with all accounts opened at these institutions or made available to third parties, whether inside or outside Spain.
On the other hand, they must also report loans, credits and cash movements in annual information returns.
Thus, they must report balances exceeding 6,000 euros and cash withdrawals or deposits exceeding 3,000 euros or any other currency.
They will also be required to report transactions made with all types of cards and in any currency, except those whose total amount of charges and credits recorded is less than 25,000 euros.
The Tax Agency must be provided with the contract number for the issuance of cards, the details of the contract holder (name, surname, tax identification number, country of residence and date of birth).
In addition, the card number associated with the contract and the type of card, the bank account identification, the number of credits recorded on the card during the year, and the number of debits and their total amount must also be included.
Finally, another new development relates to the maternity deduction in the income tax return, which establishes that it is possible to deduct the expenses of any centre authorised for the care of minors, such as nurseries.
Source: El Español, Expansión, El Economista, Las Provincias, La Razón