Bizum And taxation: tranquility, but with order

In the last years, many autonomous and small businesses have begun to charge by Bizum. It is fast, comfortable and the client appreciates it.

But each true time appears the same doubt:

“Property controls the Bizum?”
“It is necessary to declare them?”
“It is a new tax?”

We go to clear it of simple form.

It does not exist any tax Bizum

The first that we have to leave clear is that it does not exist any new tax for charging by means of Bizum.
Fiscalmente, Bizum is not more than a half of payment. The same that a transfer, a payment with card or in cash.
If you are autonomous or company and charge by your economic activity, this entry has to declare. It gives the same if you receive it by Bizum, banking or metallic transfer.
The important is not the half of payment.
The important is that it is an entry of your activity.

Property can know these movements?

The financial entities are subject to obligations of information in front of the Agency Tributaria. This is not new neither specific of Bizum: it forms part of the system of usual control on banking movements linked to economic activities.
Therefore, if you use Bizum to charge to clients inside your business, these amounts have to be correctly registered and declared in:

VAT (if it proceeds)
Income tax (direct estimate or modules)
Tax on Societies (if you are society)

No because Bizum have a special treatment, but because they are income of your activity.

And the Bizum among friends?

Here it is where is used to to have confusion.
A Bizum among individuals without economic activity is not a business entry neither professional. Therefore, it does not have fiscal treatment like performance of activity.
The fiscal control centres in the collections derived of an economic activity.

Then, what has to do an autonomous?

The response is simple: the same that it would have to be doing already.

Register all the income.
Spend the accounting or books to the day.
Declare correctly in the quarterly and annual models.
Issue bill when it correspond.

If this does well, charge by Bizum does not suppose any problem.

The key is not Bizum: it is the order

From the experience of a lot of years advising businesses, the true risk is not in the half of payment. It is in the fault of internal control.
When an autonomous mixes the personal and the professional, does not register small amounts or leaves income without invoiceing, is when they can arise discrepancies.
But if you work with order, absolute tranquility.

In Gestoría Rivero spend more than 50 years accompanying to autonomous and companies in his day in day out fiscal. Our expert squad in taxation revises your collections, your statements and your countable organisation so that you work with security and without frights. It contacts with us without commitment!