The Ministry of Finance has come out in the face of recent speculation on social networks to clarify the real scope of the new tax regulations on digital payments.
In an official note published this week, the Tax Agency has denied that a massive audit will be carried out on private citizens from February 2026, the date on which the operational measure approved last April will come into force.
The department wanted to settle the controversy by confirming that the new obligation to provide bank information will only apply to the invoicing of businessmen and professionals, exempting the daily movements between personal accounts.
Individuals remain out of the spotlight
Given the uncertainty as to whether users should justify small payments or gifts, the Treasury has detailed the limits of the rule to dispel doubts: money transfers between friends, relatives or acquaintances are not subject to the new reporting obligation.
Therefore, financial institutions will not submit information to the Treasury on these domestic transactions.
The Government’s objective is not to control personal finances or micropayments between individuals, but to ensure the traceability of income derived from economic activities, the note clarifies.
The regulation is designed to combat tax fraud in the professional sector. From 2026, the control will focus on those users who use Bizum as a commercial collection tool.
This mainly affects freelancers such as plumbers, electricians or lawyers who receive fees through this platform; and stores and companies that offer Bizum as an alternative payment gateway to credit cards or cash.
In these cases, banks will have the legal obligation to inform the Tax Agency about the income received to ensure that it corresponds to what is declared in the official billing.
What data will the banks send? Another key clarification in the press release refers to the control methodology. The Treasury has clarified that there will not be an indiscriminate dumping of each individual movement in real time.
The system will be based on accumulated monthly reports. The financial entities will report the global invoicing of each business or professional adhered to the system. Specifically, the information provided will include:
- Identification: Complete data of the entrepreneur or professional.
- Infrastructure: Number of stores and sales terminals registered.
- Linkage: Bank accounts associated with collections.
- Turnover: The total amount invoiced through Bizum during the month.