Vinted: when should you declare your income for taxes?

Second-hand ready-to-wear, this sector which is exploding in France. According to a study carried out by the Natixis Payments Observatory, relayed by BFMTV, second-hand clothing purchases increased by 51% in 2021 compared to the previous year. If we compare to 2019, this increase is 140%.

These figures are indeed proof that this market has grown enormously in the daily life of the French. Vinted is one of the main protagonists, so much so that France is now its main target with more than 16 million users.

The phenomenon has spread to such an extent that the state has had to legislate on the subject. Thus, income from certain platforms such as Vinted, Blablacar or Airbnb may now be taxable.

Since 2020, a summary of the number of transactions carried out must be sent to each user. It is from this that you will know whether or not you are taxable. There are two criteria that allow us to know this.

If you have made less than 3000 euros gross in revenue or less than 20 annual transactions, don’t worry, you will have nothing to declare, reports Les Echos. Conversely, if you meet one of these two conditions, your receipts must be declared with the rest of your income.

It is also important to note that there is a special regime for everything relating to the sale of precious objects such as jewelry or works of art. These transactions will be taxable if they are sold at a price above 5000 euros on the application.