Shiuk
patreon
An update on Sales Tax
🕑 Added 2020-05-20 17:55:49 +0000 UTC'v' this is all mostly copy and pasted, but I am obligated to bring attention to this.
I wanted to give you an update on some changes that well be seeing which may affect some of your pledges. Due to new laws passing in several countries and U.S. 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.
Patreon set up a system that is fairly neat since I'm given the ability to say how much of a pledge is a "donation" and how much of it provides tangible benefits (drawings, stickers).
If youre 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.
If you have questions, you should be able to find answers here. If you still have questions, the best place to get an answer is from Patreons customer support team, here.
Thank you for all of your support.
Comments
Seikilos
Thanks for taking the time to write this out.
Shiuk
hek D:
Jaroslav Anglüster
20% for me, heckies
