300 People in Cyprus Identified with Undeclared Income from OnlyFans and Social Media

The Tax Department of the Republic of Cyprus identified around 300 individuals and legal entities who earned income through OnlyFans and other digital platforms but failed to declare it in their tax returns. The investigation covers both Cypriot citizens and foreign residents living on the island.

According to the investigation, some individuals earned up to €500,000 without declaring these amounts. The audit began after analyzing social media data and information provided by digital platforms.

In addition to OnlyFans content creators, tax authorities targeted other online income earners, including beauty industry professionals, taxi drivers, hairdressers, travel agents, and bloggers active on Instagram, YouTube, Twitch, and similar platforms. According to the department, more than 50 taxi drivers had undeclared income exceeding €100,000.

All identified individuals will receive official notifications requiring them to submit amended returns and pay the owed taxes. Failure to comply may result in fines, additional charges, and in some cases, criminal liability.

The investigation was made possible by the implementation of an automatic information exchange mechanism among EU countries under DAC7 (EU Directive 2011/16/EU). Under the new rules, digital platforms must report user income to tax authorities, allowing Cyprus to receive data directly from international services.

The Tax Department emphasized that all sources of income, including digital ones, must be declared. The campaign aims not only to collect unpaid taxes but also to ensure a level playing field for traditional and online businesses.