Solone
patreon
Taxes, Boo..
🕑 Added 2020-05-31 22:17:02 +0000 UTCAs some of you may be already aware, new tax requirements are coming into effect on Patreon as of 1st July. These settings aren't going to apply to all creators/pledges, and I'm not yet totally clear on how I and yourself will be impacted personally.
Patreon were good enough to provide us creators with a copy-paste announcement for you guys which I'm gonna go ahead and post unedited for clarity.
Sample post copy
Post title: An update on sales tax
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.
Solone here again... I know this is crappy news at an awful time, but hopefully it won't have to much of an impact. I'm just going to have to find a way to make each image 4-11% more awesome.
Thankyou for reals this time,
Now, let the uploads commence!
S
PS. I see a few messages in my inbox. Gonna aim to reply to them all tomorrow!
