Fashion enthusiasts, eco-responsible individuals, experienced resellers: they all swear by Vinted to get a good deal. However, those who sell their clothes there and earn “too much” money can be in for a shock when they end up paying taxes… What is the maximum amount that should not be exceeded?
If Vinted is a real goldmine for fashionistas looking for THE cheap clothing gem; it is also for sellers who sell old clothes lying dormant in their wardrobe, considered as treasures by the former. Due to the law of supply and demand, certain fashion items can therefore be resold at a high price on the second-hand platform.
Many individuals, sensing a good deal, knowingly decide to make it their business. The income from their sales is then far from modest… And the tax authorities are quick to catch their coat! So here they are having to pay taxes because they earned “too much” money via Vinted. On their social networks, several content creators have complained about having had to pay contributions following the success of their sales. This is the case of a subscriber of the Tiktokeuse @chrislstwho was asked to pay 30,000 euros by URSSAF for “undeclared work”.
And even if you’re not a professional reseller or a super popular TikToker, in reality, this could also concern you. But how to avoid it?
Since tax evasion is frankly not the best solution, let’s instead focus on the amount not to exceed in our sales to (legally) circumvent the tax system. On the Vinted help center, it is stated in black and white that this amount is 5000 euros per year. Clearly, if you manage to sell even a single item from your wardrobe for an amount equal to or greater than this sum, you will necessarily be taxed by the tax authorities. Conversely, if all your cumulative sales over the year are lower than this number, you will not have to pay contributions to the French state.
“In France, the gains generated by the sale of a personal item may be taxable if its amount is greater than €5,000 and if profits are generated by said sale (i.e. if the sale price is greater than the purchase price)”we can read in the tab “DAC7: What you need to know” of the platform.
Be careful, however, there is one element to take into account when you do your accounts: if the total of your annual transactions exceeds 2000 euros and/or you have “achieved 30 or more sales”, you will still be required to declare it to the tax authorities. Rest assured, this does not necessarily mean that you will have to pay a contribution: “declaration” does not equal “taxation”.
And there’s no point hoping to slip through the net: from the moment one of the thresholds mentioned is exceeded, Vinted is obliged to transmit your sales data to the French State. The platform will therefore contact you directly by the end of the year to order you to make your declaration and fill out a DAC7 report. We can no longer pretend that we forgot…