What’s Changing?
Until recently, banks and payment platforms only reported large electronic payments to the tax authorities — for example, over 3.000€ or 10.000€ in a year. That threshold disappears in 2026. Because of the Royal Decree 253/2025, all Bizum payments received for commercial activity will be compiled and sent to the Tax Office monthly, regardless of the amount.
What does this mean in practice?
- If you’re self-employed or run a company, every payment you receive with Bizum in connection with your business activity will be reported to Hacienda by your bank or payment provider.
- The amount doesn’t matter — even 20€ or 200€ payments, if they are business receipts, will appear in the monthly information file.
- Personal Bizum payments between friends or family are not reported and do not appear in this tax data
Why Has This Happened?
The government aims to reduce undeclared income and tax fraud. Bizum has become hugely popular in Spain — handling millions of transactions daily — and was previously under-reported in tax data. The new reporting obligation helps the Tax Office cross-check payments that businesses receive with the figures declared in quarterly and annual tax returns.
What Should Self-Employed and Companies Do?
- Invoice Every Payment: Ensure that any Bizum payment received for services or goods has a corresponding invoice with the correct tax details.
- Separate Personal and Business Accounts: If possible, use one account strictly for business. Mixing personal and business payments complicates compliance.
- Reconciling Monthly Data: At the end of each month, check that the information reported by your bank matches your accounting records.
- Declare Income Accurately: Make sure all amounts match what you report in your VAT (IVA) and personal or corporate tax returns.
Conclusion
The visibility of Bizum payments to Hacienda from 2026 means greater transparency — not necessarily greater risk — as long as you keep accurate records and align your bookkeeping with what your bank will report. For self-employed and companies who already declare all their income accurately, this is more an administrative shift than a threat.
With a bit of planning and clear accounting practices, you can make this transition smooth — and maybe even take advantage of it as a tool to strengthen your financial discipline.
