tamarinfrog
patreon
An update on sales tax
🕑 Added 2020-05-23 12:14:00 +0000 UTCHey everyone.
I wanted to make a post about this before it goes live and give a heads up. Starting July 1st, patreon is required to apply sales taxes to patreon pledges. I will copy paste the text they sent to me. They'll do a better job at explaining it than I will. Just know some pledges depending what they offer, have small tax applied to it. Depending where you live, you might have to pay the taxes.
Thank you all for the support. I am still looking for other job options but it means a lot that I can keep supporting myself while I do thanks to you. And I'm especially touched by the new commissions and patreons I've gotten recently, despite what the world situation is right now. Thank you very much.
Here's the proper info of the sales tax:
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.
