Europa Press, Leung Cho Pan Unexpected Surprise from Hacienda: It Forces You to Do This If You Pay by Card
Discover in detail what this new measure by the Tax Agency consists of that has taken many by surprise
Starting this year, Hacienda has implemented a new measure to strengthen the control of tax fraud. Banking entities are now required to report card transactions exceeding 25,000 euros annually per card.
This regulation affects all cards: credit, debit, prepaid, and virtual. The goal is to ensure that large electronic transactions are transparent and properly declared. Hacienda has taken this matter seriously, even though it has caught many by surprise.
Hacienda Gets Serious and Implements This Measure on Card Payments
Financial entities must submit an annual report detailing all transactions that exceed this limit. This report will include the cardholder's identification, the total number of transactions, and the accumulated amount of purchases and cash withdrawals. The first declaration will be made in 2026, corresponding to transactions carried out in 2025.
This measure is important because it aims to improve tax control and prevent fraud. With the increasing digitization of payments, it is essential for Hacienda to have access to detailed information about electronic transactions. This will allow for greater traceability of operations and help detect possible irregularities.
Won't Affect Most Users: Only Those Exceeding This Annual Amount
The reactions of citizens have been diverse. Some consider this measure necessary to combat tax fraud and ensure an equitable distribution of taxes. Others, however, express concern about the privacy of their financial data and fear excessive control by Hacienda.
It is important to note that this regulation won't affect most users, as it only applies to those who make card transactions exceeding 25,000 euros annually. Nonetheless, Hacienda has established a new obligation for banking entities: to report card transactions exceeding 25,000 euros per year.
This measure seeks to strengthen tax control and prevent fraud, ensuring that large electronic transactions are transparent and properly recorded. Although it has caused diverse opinions among citizens, it is a significant step toward greater transparency and equity in the tax system.
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