SavalKas
patreon
Patreon is Applying a new Sales Tax starting July 1st
🕑 Added 2020-05-06 23:44:26 +0000 UTCJust found out about this so I'm giving you guys a heads up.
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."
You can find more in depth info HERE.
Thank you for all of your support, you guys.
Please remember to stay home, practice social distancing, wear your masks, and wash your hands. Stay healthy, stay safe!
Comments
SavalKas
Of course
Haillo
Thanks for the heads up!
