How to Declare OnlyFans Income and Direct Donations?

If you are a content creator on OnlyFans or receive direct donations through platforms such as PayPal, Bizum or bank transfers, it is crucial to manage your income correctly to avoid problems with the Treasury. Below, we explain some key points and offer you our help so that you don't have to worry about anything.

OnlyFans Revenue: Export of Services

If you receive payments from OnlyFans, they are usually from a company located in the UK. This is considered an export of services and is exempt from VAT under Spanish tax regulations .

What does this mean?

- You do not need to apply VAT to this income on your invoices.
- Even so, you must include them in your quarterly VAT return (Form 303) in the box corresponding to exempt transactions.

Correctly complying with these requirements can be confusing, but it is essential to avoid penalties. We can help!

Direct Donations: Are they subject to VAT?

In the case of donations via PayPal, Bizum or bank transfer, the Treasury usually considers them as income from economic activity. This means that they could be subject to VAT, especially if they are linked to your activity as a content creator.

What should you do?

- Issue invoices with VAT when applicable.
- Declare this income in Form 303 and comply with personal income tax obligations.

Every situation is different, and proper management can save you a lot of trouble.

Why trust AseFly?

At AseFly , we are experts in taxation for content creators and online businesses. We take care of:

- Analyze your specific situation.
- Manage all your tax returns.
- Ensure that you comply with regulations and optimize your taxation.

Contact us today at info@asefly.com and let us take care of everything so you can focus on what really matters.