Quote:
Originally Posted by NatalieK
you should be paying VAT direct from your bank if you´re in the EU, you need an accountant.
No company pays your VAT, you receive payment from OF & then you have to pay VAT on your earning, if you´re creating your own content  |
Hello Natalie
I am a company in EU with an accountant.
Onlyfans is collecting VAT directly when a fan subscribe to your account and Onlyfans pay it to the relevant tax authorities.
Source : onlyfans*com/help/3/120/129
So with OF you dont have to handle VAT from your fan's payments. This is what I am looking for because It take less time, less process, less accountant fees.
It's perfect, because you just have 1 payment from Onlyfans when you cash out. It's only 1 line.
And not thousands of payments from your fan's to handle with the VAT to pass it to their own countries.
Quote:
Originally Posted by pornlaw
Also, not true. Certain states now charge sales tax on downloads. But it is on a state by state basis.
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Right, thank you.
@nikki99 thank you
