bizum It is one of the most used instant payment applications in Spain. The system emerged as a rival to PayPal in 2016, thanks to the cooperation of many banking institutions. Used by more than 10 million people and it has become fashionable among young people to do mathematics when they go out to dinner.
this system moves millions of euros every yearThat’s why the Treasury had to intervene to verify that no crime was committed when the money transfers were made. Like any money movement, need to have control By management who will determine whether what you are doing is legal or not. If the set standards are not met, you may be subject to sanctions and may have to pay a fine.
Who has never said: “Shall I make you bizum?”
You should know that there is a minimum amount to do this. 50 centsAnd maximum €1,000, up to a limit of €5,000 per month. This is where problems arise, because according to the General Tax Law, banks are “obliged to provide the Tax Administration with any data, reports, background information and supporting documents of tax significance.” Regarding the fulfillment of their own tax obligations or derived from economic, professional or financial dealings with other people”.
This is very difficult to happen in practice, but if a person transfers more than €10,000 through their different accounts, they must justify this in their own statement. income statement.
If they do not follow the procedures of the SI model, the people involved will face a problem. penalty fee related to tax authorities It varies between €600 and 50% of the amount sent. If the crime is serious and the source of the money is unknown, the penalties will range from 60,000 Euros for the lightest crimes to 150,000 Euros for the most serious crimes.
Source: Informacion
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