SARS will impose VAT on OnlyFans content creators

SARS will impose VAT on OnlyFans content creators

The South African Revenue Service has confirmed that it will levy VAT on Only Fans content creators. The app has grown in popularity over the past year and allows users to subscribe to creators who share adult content like nude photos and videos. SARS will charge South African creators 15% of their revenue, which is accumulated in dollars in the app. OnlyFans launched in 2016, and while it was designed as a site for sex workers, it has been used as a medium for others, such as artists who want subscribers to the platform to be able to choose to pay them directly. SARS has already started collecting this tax, but declined to disclose when it began or how much it collected when questioned by the IOL news agency. Like gig economy platforms like Uber, OnlyFans has been a resource for those who lost their jobs during the pandemic. Despite variable success with some on the website, it has been an opportunity to get through a difficult time. It has also created an independent hub for amateur porn creators and sex workers that is completely controlled by the person who creates it.