The Tax Agency will introduce from January 2026 one of the most extensive financial control reforms in recent years. The agency will eliminate the limit of 3,000 euros above which banks were obliged to report card payments made by entrepreneurs and self-employed people. From then on, all transactions -regardless of their amount- will have to be reported to the Treasury, according to a Royal Decree approved on April 1.
The measure aims to close information gaps, reinforce the fight against tax fraud and ensure that sales declared by professionals are in line with their real activity. In addition, the frequency of these submissions will change: banks will no longer send data once a year, but every month, which will allow continuous monitoring by the Tax Agency.
What changes for freelancers and companies
The new system will oblige banks and payment entities to report monthly any card payments made by entrepreneurs and freelancers. The rule includes physical and virtual cards, debit and credit payments , electronic money and also transactions made through Bizum, provided they are associated with a professional activity.
Payments between individuals -such as personal transfers via Bizum- will be excluded.
This constant information will allow the Tax Agency to cross-check data with taxpayers’ tax returns and detect discrepancies more quickly.
New obligations for citizens
Although the focus is on the self-employed and companies, individuals will also be subject to new requirements. From February 2026, banks will have to report monthly to the Treasury on all bank accounts opened in Spain, whether they are current, savings or credit accounts.
In the case of card transactions, the Treasury will receive an annual report that will include all credits, debits, recharges and cash withdrawals only if the annual volume exceeds 25,000 euros. The aim is to prioritize the monitoring of cards with high economic activity.
A reform to combat digital tax fraud
The expansion of electronic payments and platforms such as Bizum has made it necessary to update the supervision mechanisms. The Royal Decree adapts the Tax Inspection Regulation to this new scenario, where most transactions leave a digital trace and can be analyzed.
With the new monthly data, the Treasury will have a more complete and updated map of the movement of money in Spain. This will make it possible to identify possible irregularities, undeclared activities and mismatches between real income and taxation.
More control, greater transparency
The system will imply an additional effort for banks and financial institutions, which will have to process and submit large volumes of information on a regular basis. However, the Government expects that the reform will lead to a substantial improvement in the fight against fraud and in the collection efficiency of the tax system.
