escafa
patreon
Patreon's New Tax Requirements
🕑 Added 2020-06-30 15:35:46 +0000 UTCBefore I paste the message from them I'll just tell you I did go in and fill out all the necessary info on my Tiers and values. I don't do any physical rewards so I would think there won't be much or any at all from my stuff. But it's taxes, who knows.
Hi everyone,
I wanted to give you an update on some changes that we’ll be seeing which may 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. 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.
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 Patreon’s customer support team, here.
Thank you for all of your support.
Comments
Escafa
It looks like they have already been collecting from you. So I don't think there should be any change. https://support.patreon.com/hc/en-us/articles/205259549-VAT-Value-Added-Tax-on-Patreon
Luna Whitton
I'm from the UK, will this affect my own
Escafa
Unfortunately It looks like 10%
Escafa
It looks like it's state by state basis so you probably won't.
a1993
Pretty sure AUS will start getting taxed
Patrick Littlehale
So if I am reading right I live in a state that has no sales tax does that mean I will not be taxed
