The state could not miss the financially unexpected profit on taxes represented by the online sale of used products.
Taxes are watching! Many French people turn to Vinted or Leboncoin to sell or buy used (or sometimes new) products.
It’s a good way to save money while limiting the consumption of new products.
Items and clothing 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 people sell a lot of them. Too much for the state.
The platforms inform the tax office, the declaration is pre-filled
Indeed, from 2019, all platforms transmit user income to the tax authorities: number and amount of transactions, banking data, status (private or professional). With this information, the administration pre-completes the tax return.
Today a Frenchman who pays his taxes works for:
The activity bonus
etc, etc ..
And a Frenchman who pays his taxes has no right to any of them. Here you go. 😡
– Stane Dirt The Dirty Kid (@ stane92130) May 6, 2022
Declaration does not mean taxes to be paid
However, be careful: you do not have to pay taxes on your profits because you make some sales on Vinted or Leboncoin. This would be counterproductive because it would not encourage the French to sell, but rather to fly.
Some criteria have been implemented. Non-declaration is possible if your winnings on these platforms are less than € 3,000 per year (for less than 20 transactions). And if you have to declare your profits, you will not necessarily have to pay taxes. But it does allow tax authorities to better control online sales.
Indeed, even if you sell for more than 3,000 euros, the administration distinguishes between users who trade and earn their bread this way and people who sell furniture or valuables once or twice. So, if you occasionally sell a phone, a piece of furniture or a computer, the income is not taxed because your business is not professional.
However, there are exceptions. If you sell, for example, jewelry, precious metals, works of art, collectibles or antiques, for more than 5,000 euros, you must pay the flat rate tax on precious metals.
If you sell an item for more than 5,000 euros, they are subject to capital gains tax from the sale of real estate. If you made it to an application or website with secure payment, then this sale will be included in your statement, automatically.
11 million French people benefit from the automatic declaration
Many French people feel uncomfortable with their tax return. Too many numbers. Too many details. A lot of information. As a result, the automatic declaration makes life easier for the eleven million French people who benefit from it.
This year, it should benefit even more people. But what exactly is it? The tax authorities are content to complete the tax return with the information at their disposal (family expenses, pensions, unemployment benefits, salary, etc.)
What should you do in this case? If all the information is correct and complete, you have nothing to do. The statement will be validated automatically.
Deficits, debts, tax increases: Macron, the man with debts of 3,000 billion! Https: //t.co/G2BjZlg3aG
– ου Luciano 💤🌿 (@Lucianocosi) May 6, 2022
On the other hand, some items may need to be filled in or even modified (for example, you need to verify your address, marital status, expenses incurring the right to deduct, etc.) In this case , you must complete your statement as usual and then sign it. The time savings are however noticeable.
Finally, be careful not to miss the reference dates. If you live in a section numbered from 1 to 19, then the deadline is May 24, 2022 at 23:59. For sections 20 to 54, this deadline expires on Tuesday 31 May 2022 at 23:59. Finally, for people living in departments number 55 to 974/976, you must validate your application by Tuesday, June 8 at the latest.
Note: for the electronic declaration, the deadline takes into account the department in which you reside on January 1, 2022!