rikolo
patreon
Tax changes on patreon
🕑 Added 2020-05-31 15:55:14 +0000 UTCHey guys, beginning July (so not tomorrow, but in 30ish days) there will be some changes to taxes on patreon. Unfortunately I can't give you specific numbers since it all depends where you live and which tier you are pledging. Following info is directly from patreon:
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.
If youre 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 Patreons customer support team, here.
So additionally to this post, you will all be e-mail by patreon with hopefully some more info. I'll see if I can fit my tiers in the lowest or non-taxable brackets, but at the same time I don't really wan to fuck with the taxman.
Comments
Frankh of Fethdor
Thanks for the heads up!
Frankh of Fethdor
That's true, they always want their slice of the pie! Tax everything!! I don't mind paying taxes I just don't like how they spend it on stupid shit.
Wilford Moore
Sooner or later the tax person always catches up.
