cheyenne barton
patreon
quick update re: sales tax
🕑 Added 2020-06-23 18:44:59 +0000 UTCHi y'all!! I wanted to give you a quick update regarding some tax stuff that might affect some of your pledges. Due to new laws passing in several countries and US states, Patreon will be required to start charging sales tax on some pledges starting July 1st.
Less than half of all patrons will be charged sales tax, and for most, the amount will be very small. For example, sales tax rates in the US range from 4% to 11%, so on a $5 pledge, that would be between 20 cents and 55 cents.
Whether or not you will be charged sales tax depends on your location, and what is considered taxable there. Not every pledge is taxable, not all benefits are taxable in every location, and sometimes only a fraction of a pledge will be taxable. I've detailed the benefits from each tier on my end, to save y'all as much money as possible !!
If you’re in a location where sales tax will be required, you've probably already received an e-mail from Patreon about it, but just in case you didn't I wanted to give you a heads up! And maybe double check your inbox just to make sure you haven't missed any important info.
If you have questions, you should be able to find answers here, and if you still have questions, the best place to get an answer is from Patreon’s customer support team!
I know talking about money (and especially taxes) can be a bit boring and stressful, but it's important, so I wanted to keep y'all in the know. Happy Tuesday!!! <3
Comments
Ingela Barton
Thank you for keeping us informed 😊
TeslaDarwin
Thanks for taking the time to make sure everybody knows whats up! :)
Leyna Magett
Thank you for keeping us informed!
