PornHub’s Parent Company Aylo Registers as VAT Payer in Ukraine

by Roman Cheplyk
Thursday, May 2, 2024
1 MIN
PornHub’s Parent Company Aylo Registers as VAT Payer in Ukraine

Aylo, the company owning PornHub, has registered as a VAT payer in Ukraine, according to Danylo Hetmantsev, the Chairman of the Finance Committee of the Verkhovna Rada

This move integrates Aylo into the Ukrainian tax system, contributing to the state budget.

Hetmantsev highlighted the ongoing declaration campaign for non-residents providing electronic services in Ukraine, noting that the largest taxpayers in this sector have contributed over UAH 2 billion so far. The list of conscientious payers of the so-called "Google tax" includes major companies such as Google, Apple, META platforms, Valve Corporation, and now Aylo.

The registration of Aylo as a VAT payer might bolster the case for the draft law on the decriminalization of pornography in Ukraine, ensuring that companies like Aylo and OnlyFans, which also recently became a VAT payer, are monitored for tax compliance. OnlyFans' contribution to the budget was $0.7 million for the first quarter.

You will be interested