Spain’s Tax Agency has confirmed that from January 1st 2026, it will make several reforms to how it monitors bank transfers. Read on to find out what this could mean for you.
2026 brings important changes relating to bank transfers in Spain.
One of the main changes is that the Tax Agency has updated the reporting requirements for banks, other financial institutions and payment platforms.
This will directly affect certain banking transactions and digital operations for the self-employed and businesses.
Previously, banks and other payment platforms only had to report transactions for businesses and the self-employed over €3,000, but now they will be required report all payments received by card or electronic means on a monthly basis, regardless of the amount.
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This includes payments made via card payment devices, mobile applications, and platforms such as Bizum.
This will allow the Spanish Tax Agency to cross-reference data in real time against the invoices they have declared.
And for individuals who are not self-employed, there are also new rules.
Tax Agency now requires financial institutions to report annual card transactions when the total amount exceeds €25,000.
This aims to detect those accounts with high levels of financial activity, without affecting regular users with moderate spending habits.
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The Agency has clarified that for individuals, payments between friends and family via mobile applications, such as Bizum, are excluded from the new checks, provided they are not linked to an economic activity.
This means that personal Bizum transfers will continue to be monitored normally, but not if they’re used for professional or commercial use.
Remember though that Bizum payments are recorded in the same way as other banking movements, so money sent through this application is subject to the same checks and limits as any money transfers. The Hacienda can track a Bizum movement when necessary and depending on the circumstances.
The Treasury has explained that this update is a necessary step to adapt regulations to new consumption habits, improve the traceability of digital money, and strengthen the fight against tax fraud.
