LurkerGG
patreon
Patreon is adding Sales Tax to Pledges
🕑 Added 2020-05-21 01:48:19 +0000 UTCSo as many of you have heard, Patreon is adding sales tax to many different kinds of patreon rewards. I have just updated my tiers and I am still not sure who is getting taxed what yet.
Here is there "Creator to Patron" info they recommended I share.
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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.
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.
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We will have to see how this turns out. I dont expect too much as my state only requires I collect sales tax from Washington State residents. Now your own state or country may require different sales tax, so keep that in mind moving forward.
Thank you all for your time and if you have any questions please let me know.
