Alikurai
patreon
An update on sales tax
🕑 Added 2020-05-07 13:33:33 +0000 UTCHi everyone! I got an email from Patreon about sales tax, that I want you to know about. Basically, when I from Europe pledge to patreon or buy anything from any online store, there's a small fee that i need to pay on top of that, it's VAT, sales tax, and while it can be annoying, it's literally unavoidable because capitalism. Below you will see an explanation provided by patreon that I think is very good at explaining this, but also here's a disclaimer from me, I will do everything in my power to lessen this effect on you! From what I understood, patreon is giving us creators a tool to customize exacly what you are paying for and how much, and with it's help, the tax you eventually will have to pay, unless completely unavoidable, will be very small ^_^ anyway, please read the text below! And thank you so much for your continued support, especially during these times.
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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. The money that Patreon collects as a result of these laws are paid directly to local governments.
I’m working closely with Patreon to ensure I’m able to save you as much money as possible when it comes to sales tax - which is not something that’s possible with other platforms.
If you’re in a location where sales tax will be required, you should expect to receive an email from Patreon with more information about this very soon, but I wanted to make sure you were aware of these changes way ahead of July 1st when they go into effect.
Comments
Nai
Thank you for giving us the info! 😊
