AdorkaStock
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Patreon and Sales Taxes: Important Update!
🕑 Added 2020-05-28 17:13:49 +0000 UTCHey all!
Patreon gave me this info to pass on and I'm not sure how many of you might be effected by it, but I wanted to get the word out. You are probably going to get this message from a lot of people if you're backing multiple Patreons so my apologies if it's duplicate notification and for the semi-formulaic message.
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.
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. This is nice for me because it means I don't have to try to keep track of it all on my end which would be REALLY challenging. 😅 People who live in the EU are probably already paying VAT taxes so this won't change as far as I know.
I’m working with Patreon's available tools to ensure I’m able to save you as much money as possible when it comes to sales tax - I've updated my rewards to categorize them in a way that will hopefully not results in taxes to most of you.
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 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.
Thanks so much for your support! I'm excited to continue to provide poses to you! ♥
