fetishlocator
patreon
Short update on Taxes
🕑 Added 2020-05-28 20:45:01 +0000 UTCHello, my favorite fetish lovers! As I told you before, I'm taking some time off right now and spending some time not rendering anything the first time since the start of this project. But don't worry, it won't be long and I will get back to work on Sunday(31st). I will continue working on the extended version to make week-1 a perfect experience as it should be!
But actually I wanted to update you on some Patreon tax changes. Here is the message from Patreon team:
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.
Comments
Christophe Schannes
Uuuh okay fine, I've been paying taxes for my pledges since I joined Patreon. Since I live in Germany, I pay 19% percent VAT tax on my pledges, so $1 pledges actually become $1.19 pledges. Which is fine, that still amount to basically 1€ at the end of the day. But yeah, I'm used to these sales taxes on Patreon xD
