Spanish Tax Agency to Access All Bizum Payments from 2026

Spain's Tax Agency to Gain Access to All Bizum Payments in 2026 MADRID, Spain (La Voz de Galicia) -- Starting in 2026, the Spanish tax agency (Agencia Tributaria) will have access to all payments made through the popular mobile payment app Bizum, regardless of the amount. This represents a major shift from the previous system, where banks were only obligated to report transactions exceeding \u20ac3,000. "This change will provide the tax agency with significantly more detailed information," explains Ana Balsero, a reporter for La Voz de Galicia. "It will allow them to monitor tax compliance much more effectively." The move is intended to improve tax collection and crack down on tax evasion. The additional data collected will include details about the payer, payee, payment method, and the amount. This increased transparency aims to improve the accuracy and efficiency of Spain's tax system. While some may express concerns about privacy, the government maintains this is a necessary step to ensure fairness and accountability within the tax system. The Agencia Tributaria has assured the public that appropriate data protection measures will be in place. The implementation of this new measure is expected to be a significant development in Spain's financial landscape, prompting businesses and individuals to adapt their practices accordingly.