Quote:
Originally Posted by darkec
I am, not sure how it works in the USA; but in EU not even $1 can't go out of the company unless there is some kind of bill or invoice because it all needs to be recorded in tax administration
|
Quote:
Originally Posted by darkec
Hmm, maybe if someone is from EU can help me out with understanding the process from EU perspective
|
For EU and UK, for example, most sites like OF "onlyfans", they will charge VAT on top of the model account...
model sets $10 - $12 is charged by OF - $2 paid vat and pays $8 to model...
in my case, I then get paid and pay 21% Vat and 21% tax and come out with about $4 per sale...
OF would come out with $2 paying out for billing fees, server and all other payments of the site, so itīs a numbers game.. probably only making 30 cents per model, but with 1million models, well...
enjoy
