mimubot
patreon
Patreon "Sales Tax" - Effective on July 1st, 2020
🕑 Added 2020-05-27 12:45:25 +0000 UTCEllo my pastries!
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 17 countries and US states, Patreon will be required to start charging sales tax on some pledges starting July 1st. This change only affects you if you're in the US and those 17 regions. Several countries in EU already have sales tax applied.
According to Patreon's analytics, 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 at 20-55 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. I've tried to set it so that sales tax will be little to none by adjusting the settings accordingly.
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, which is when they go in effect.
If you have questions, you should be able to find answers here -> https://support.patreon.com/hc/en-us/articles/360043055071. If you still have questions, the best place to get an answer is from Patreon’s customer support team, here -> https://support.patreon.com/hc/en-us/requests/new?ticket_form_id=70716 .
I've also tried to talk to Patreon about "absorbing the Sales Tax" in the payment, but it's not possible at current unfortunately.
Thank you for supporting uwu ~
