The State could not miss the financial windfall in taxes as a result of the online sale of second-hand products.
Watch taxes! Many French people turn to Vinted or Leboncoin to sell or buy second-hand (or sometimes new) goods.
It is a good way to save money and at the same time reduce the consumption of Products new ones.
Objects and clothes are given a second life, so it is a good ecological effort to use this system. But these applications or websites are so successful that some sell many of them. Too much for the state.
The platforms inform the tax authorities, the declaration is pre-filled
Indeed, since 2019, all platforms transmit user income to the tax authorities: number and amount of transactions, bank details, status (private or professional). With the help of this information, the administration completes the statement of the income.
Today a Frenchman who pays his taxes works for:
Assistance related to transport
The activity bonus
And a Frenchman who pays his taxes is not entitled to that. There you go.
— Stane 🇨🇵 The Dirty Boy (@stane92130) May 6, 2022
Declaration does not mean that taxes have to be paid
Be careful though: just because you make a few sales on Vinted or Leboncoin doesn’t mean you have to pay taxes on your earnings. This would be counterproductive as it would not encourage French for sale, but rather to throw away.
Certain criteria have been established. Non-declaration is possible if your earnings on these platforms are less than €3,000 per year (for less than 20 transactions). And if you have to declare your winnings, you don’t necessarily have to pay taxes. But this allows the tax authorities to better control sales on the internet.
Indeed, even if you sell for more than 3,000 euros, the administration makes the difference between users who trade in this way and earn their living, and people who sell furniture or valuables once or twice. So if you occasionally sell a telephone, a piece of furniture or a computer, the income is not taxable because your activity is not that of a professional.
However, there are exceptions. For example, if you sell jewellery, precious metals, works of art, collectibles or antiques for more than 5,000 euros, you must pay the flat-rate precious metal tax.
If you sell an object for more than 5,000 euros, you are liable for tax on capital gains from the sale of movable property. If you have done it on an application or a website with secure payment, this sale will automatically be included in your declaration.
11 million French people benefit from automatic declarations
numerous French feel uncomfortable with their tax return. Too many numbers. Too many subtleties. Too much information. As a result, the automatic declaration makes the life of the eleven million easier French who benefit from it.
This year, even more people should take advantage of this. But what exactly is it? The tax authorities are satisfied to fill in the tax return in advance with the information at their disposal (family expenses, pensions, unemployment benefits, amount of wageand so forth.)
What should you do in this case? If all information is correct and complete, you do not need to do anything. The declaration is automatically validated.
Deficits, debts, tax hikes: Macron, the man with 3000 billion debt!https://t.co/G2BjZlg3aG
— Luciano 💤🌿 (@Lucianocosi) May 6, 2022
On the other hand, certain elements may need to be supplemented or even changed (for example, you must verify your address, your family situation, the costs entitling you to a discount, etc.). you must complete your tax return as usual, then the sign† Nevertheless, the time savings are considerable.
Finally, make sure you don’t miss the reporting dates. If you live in a department numbered 1 to 19, the deadline is May 24th 2022 at 11:59 pm For departments from 20 to 54, this deadline is Tuesday 31 May 2022 at 11:59 p.m. Finally, for people residing in divisions 55 to 974-976, you must validate your return no later than Tuesday, June 8.
Please note: for the online declaration, the deadline takes into account the department where you live on the 1st January 2022 †