Kobold Press
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Sales Tax for Pledges
🕑 Added 2020-06-30 00:32:42 +0000 UTCHi folks,
Quick public service announcement seeing which may affect some of your pledges. Due to new laws , 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 will 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 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.
If you have questions, you should be able to find answers here. Next post, we're going back to something more dark fantasy, promise.
Wolfgang Baur
