OnlyFans paid taxes: how nudes replenish the budget of Ukraine

During the war and the economic crisis, anyone and anything can come in handy, even a subscription service for erotic content.

According to the head of the tax committee of the Verkhovna Rada, Danilo Getmantsev, in his Telegram channel, the OnlyFans service transferred funds to the state budget of Ukraine for the first time.

In total, the amount of tax is 305 thousand dollars, or almost 9 million hryvnia.

“The contribution of the entertainment industry to the financing of our Victory. We are waiting for the next ones!” Getmantsev said.

What is Only Fans?

According to Wikipedia, OnlyFans is an online platform created in England by Chicago-based Ukrainian-American businessman Leonid Radvinsky. Registered members create content for which they receive money through subscriptions from fans.

The peculiarity of the content is that it is of erotic content. Very often, content creators are porn actors, although they allow amateurs to upload photos and videos. There are also no restrictions on candor. Its authors receive 80% of the profits, in fact, OnlyFans was praised for this in The New York Times, as the adult entertainment industry changes for the better.

“Tax on Google”

In June 2021, people’s deputies supported bill No. 4184, which obliges Internet giants operating in Ukraine to pay taxes to the state budget. At the end of the same month, Vladimir Zelensky signed this law on the taxation of electronic services for non-residents.

According to the law, foreign companies operating in Ukraine must pay 20% VAT. To do this, they need to register as VAT payers under a simplified procedure through a special electronic service. Only companies that receive more than UAH 1 million a year for their activities on the Internet should pay money to the state budget.

The document covers services for which Ukrainians pay money. We are talking about a subscription to platforms:

• with video or cinema, music;
• with paid apps, such as Google Play or the App Store;
• paid features such as stickers, landline calls, etc.

Previously, “Today” was told where in Ukraine the highest prices for renting apartments. Find out also what happened to the dollar after the change of currency rules for PrivatBank clients.