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OnlyFans and Patreon: how much should an influencer pay Sunat for income tax?

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Influencers who generate money on payment platforms, such as OnlyFans and Patreon, will have to pay Income tax, as announced by the National Superintendence of Customs and Tax Administration (Sunat). In this way, the state entity reaffirms that the youtubers and people who carry out economic activities in social networksWhat Facebook, Instagram and TikTokThey must declare their income.

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Sunat specified that the income generated by the influencers with residence in Peru qualify as third category income. Therefore, 29.5% of what they earn for their services must be allocated to the fiscal box, the entity said in a recent report on the meaning and scope of tax regulations.

In October 2021, Sunat specified that they will only pay fourth category taxes (8%) those influencers who are just starting their activities and do not carry them out constantly. The institution urged to comply with tax obligations, since they contribute to the country’s growth.

Influencers must join the economic reactivation. Photo: composition / istock

What is an influencer?

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In his report on taxationthe Sunat collects a definition from the Royal Spanish Academy: “‘Influencer’ is an anglicism used in reference to a person with the ability to influence others, mainly through the social networks”.

For the Sunatan influencer with an obligation to render tax accounts is one who obtains payments from advertisers “for showing and/or promoting the goods and/or services subject to sponsorship on the channels, stories or audiovisual content.”

What income from influencers is taxable?

The collecting entity, in its report No. 000044-2022-SUNAT/7T0000, specified the income received by the influencers and that must be declared to pay taxes.

  • Advertisers, whether in money or in kind, for showing and/or promoting the goods and/or services that are the subject of sponsorship in the channels, stories or audiovisual content that they (the influencers) produce and disseminate on their social networks.
  • The digital platforms in which such subjects operate, for inserting advertising in the videos or digital content that they produce and broadcast on said networks.
  • His followers on social networks, for obtaining early access to certain content or specialized forums on the aforementioned networks of the influencers. For example: Patreon and Onlyfans.
  • Monetize the channel or digital platform in which the aforementioned subjects interact with their followers, authorizing said platform to place advertising on their content, since it requires the influencers a minimum number of subscriptions and/or views of the aforementioned content, issuing them a check for profits only when the sum is greater than a certain amount.

Source: Larepublica

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