The start of a new year usually brings many changes on the economic front. 2026 also, which will bring significant updates to prices, pensions, social charges… and a change of Bizum.
From January 1, 2026, the Treasury will strengthen … control of payment systems. As established by Royal Decree 253/2025, “the importance that payment and fund disposition systems take on through all types of cards, beyond traditional cards, cannot be ignored in the tax area because it is necessary to investigate tax fraud.”
As reported by Tax agencyIn a press release, with this reform, payment entities and electronic money entities are expressly included as obliged to provide information, in the same way as traditional financial entities. Thus, the 170 model is redefined “to cover any type of card, with physical or virtual support, which offers cash, debit, deferred debit, credit and electronic money payment functions”, as well as systems that operate via mobile phone numbers“.
What exactly does this change entail?
Until now, banking entities were obliged to declare all transactions above 3,000 euros to “avoid the loss of relevant information”. But this limit is removed from 2026so from January, all activities will be monitored.
Likewise, as the Tax Agency reports, Account information and information relating to card or mobile phone top-up systems changes from year to year on a monthly basis..
Concretely, and in relation to Bizum, this means that any amount that companies or freelancers invoice through this platform, for example a small home repair, will be transferred to the monthly report that the platform must send.
-
The threshold of 3,000 euros from which entities and platforms must declare to the Treasury is removed
-
Account information and information on card or mobile payment systems range from annual to monthly.
-
Affects businesses and self-employed workers
In this way, the information provided when using payments and collections through bizum will contain the complete information on the professionals attached to the collection system via a mobile phone numbercompany number that works with the system, monthly report of invoices, distinguishing card collection and payments associated with a mobile phone and identification of the accounts through which collections are made.
And individuals?
All this aroused some emotion among private users. Will Bizum have to report the payment of a small amount between friends or family such as dinner or a gift? The answer is no.
As the Tax Agency points out in its declaration, “reporting entities will only report operations for which the beneficiary has a non-individual contract”. Bizum transactions between individuals are excluded.
Changes to credit card and account information
In the case of accounts, the obligation to communicate economic data is only maintained in the last monthly period of the financial year. Also presented is a obligation to report annually on transactions carried out with any type of card. This includes credits, charges, top-ups, cash withdrawals and spending at establishments. Only cards whose annual volume of operations, charges and credits added, does not exceed 25,000 euros are excluded.
In this sense, the information that will be provided to the Tax Agency will include the contract number formalized by the entity for the issuance of the cards, the identification data of the opposing holders, the number and type of card, the number of subscriptions and their total amount, the number of fees and their total amount and the identification of the account via the IBAN or the customer’s account code.
The objective of these measures is that the Administration has detailed information to avoid fraud and improve the efficiency of recovery. Likewise, the Treasury explains that it sends informative communications to professionals.
About The Author
