darkenstardragon
patreon
About the New Tax System
🕑 Added 2020-06-13 02:56:16 +0000 UTCHi everyone! First of all, thank you for supporting me again! But I have some news for you, more like *Patreon* has some news for you.
Patreon is going to start charging (just a bit) more starting 1 July based on your location saying it's a tax, for more details please read here
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.
That's what Patreon wants me to say to y'all, however I've found interesting lines here: https://support.patreon.com/hc/en-us/articles/360043055071-New-Sales-Tax-Requirements-on-Patreon#:~:text=If%20your%20are%20not%20receiving,not%20taxable%20in%20most%20places.
If your are not receiving any benefits, the pledge is not taxable in most places. For example, if you pledged but didn’t select a reward tier, your pledge is not taxable in most places. In addition, if you added any amount of money on top of the tier price, that additional amount is not taxable in most places. One notable exception is the EU, where we are currently required to apply tax (VAT) all pledges regardless of whether the patron is receiving any benefits. We are working with EU tax authorities to secure reductions and exemptions for support-based pledges in the future.
As I haven't labeled any benefit in any of my tiers, so you all should not be taxed according to these lines, but I'm still not sure yet if Patreon is gonna really follow this, so please tell me if you have any problem once the next billing cycle happens.
And lastly please, if you haven't linked your Discord to your Patreon, please do it! 99% of the benefit you will receive are in there, and if you have any question about linking Discord and getting into our Discord server please feel free to send me a direct message, I'd be glad to help you!
Wish y'all having a great day!
-Darken
