SARS Is Keeping A Close Eye On Influencers

Influencers are no longer flying under the radar. The South African Revenue Service (SARS) has made it clear that content creators are being closely monitored, especially those earning income through social media.

WHY SARS IS PAYING ATTENTION

Influencers earn income in different ways. This includes paid posts, brand partnerships, affiliate links, event appearances, gifted products, and even free trips or luxury items. SARS views these benefits as taxable income if they have financial value.

In recent updates, SARS has also warned influencers who promote or sell counterfeit goods, often referred to as “dupes”. Promoting fake luxury items can place influencers at risk of violating tax laws and the Counterfeit Goods Act.

WHAT COUNTS AS TAXABLE INCOME

SARS requires influencers to declare all income earned through their platforms. This includes:

  • Cash payments from brands

  • Commission from affiliate links

  • Free products or services received in exchange for promotion

  • Sponsored travel, accommodation, or experiences

If an influencer receives something of value and promotes it, SARS considers it income.

THE RISK OF PROMOTING “DUPES”

Influencers who promote fake or counterfeit luxury items face more than tax trouble. Selling or advertising counterfeit goods is illegal in South Africa. SARS has indicated that influencers involved in this activity could face penalties, fines, or even criminal charges.

This means influencers must be careful about the brands they work with and ensure products are legitimate and compliant with the law.

WHAT INFLUENCERS SHOULD DO

SARS is encouraging influencers to:

  • Register as taxpayers if they are earning income

  • Keep records of payments, gifts, and collaborations

  • Declare all income honestly

  • Work only with legitimate and compliant brands

As the influencer economy grows, accountability is becoming unavoidable. SARS’s message is clear: being online does not mean being invisible.

Share the Post:

Read More

Top 16 YOBA

The Top 16 Youth-Owned Brands Awards announce new categories

Brands on The Rise

Brands on The Rise – Embedded

Business

2023 Reflections: My Top 5 Business Lessons

Trevor Noah

Business

Spotify is set to debut a fresh, original podcast featuring Trevor Noah on Thursday, November 9th.

Technology

Green Scooter Is Moving At Electric Pace

Lifestyle

Krispy Kreme Teams Up with Nestle

Trends

Lerato Agency Celebrates 2nd Anniversary

Technology

A new online bartering platform, CirculateIt launches in South Africa

Lifestyle, Trends

KFC’s Kentucky Town Warms Up Cape Town This Winter

Lifestyle, Trends

Outfits That Brought the Honey From the Durban July

Lifestyle, Top 16 YOBA

MTN Pulse Helps MDU Cleaning Services with R50 000 To Help Rebuild Store

Top 16 YOBA

Pat On Brands donates R5 000 to a youth-owned cleaning service company in Soweto

Lifestyle, Top 16 YOBA, Uncategorized

Siwela Wines crowned the Top Beverage Brand – Sponsored by Black Crown

Lifestyle, Trends

Nando’s Brings Exciting #PeriTricks to The Heart of Braam

Top 16 YOBA

Tshepo Jeans crowned the Overall Top Brand at the inaugural Top 16 Youth-Owned Brands Awards

Top 16 YOBA trophy

Top 16 YOBA

Winners of the inaugural Top 16 Youth-Owned Brands Awards announced

Technology, Top 16 YOBA

MTN Pulse becomes the official category sponsor of the inaugural Top 16 Youth-Owned Brands Awards

Top 16 YOBA

Kgotso Pati Designs the 1st Top 16 Youth-Owned Brands Awards Trophy

Lifestyle, Top 16 YOBA, Trends

Pat On Brands Announce Executive Judges For The Inaugural Top 16 Youth-Owned Brands Awards.

Lifestyle, Trends

Black Crown expands into Gin & Dry Lemon with Marula

Lifestyle

Over Half A Million Rand In Tips Raised For Bar Staff Over Workers’ Day Weekend

Thebe Ikalafeng

Lifestyle, Trends

Brand Africa endorses the inaugural Top 16 Youth-Owned Brands Awards

Lifestyle, Trends

Comedians Stuck in a Flying Fish Billboard on William Nicol Drive

Lifestyle, Trends

Y launches a thrilling drama series, called Tequila AF, exclusively on the YFM app

Anele Mdoda’s new podcast strikes an emotional chord with South Africans

Brand Collabs

Anele Mdoda’s new podcast leaves Mzansi emotional

Brand News

Netflorist hit by major customer data security flaw

Brand News

Checkers fixes Xtra Savings surname bug

Brand News

WhatsApp to Drop Support for Older Android Phones