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An update on sales tax
🕑 Added 2020-06-25 22:05:03 +0000 UTCHey Tryceratops,
We wanted to give you an update on some changes in Patreon's platform, which may slightly 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.
We're working closely with Patreon to ensure we're able to save you as much money as possible when it comes to sales tax - which is not something thatโs possible with other platforms.
If youโre in a location where sales tax will be required, you should receive an email from Patreon with more information about this as well. We want to make sure you are all aware of these changes ahead of next week when they go into effect on July 1st.
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 Patreonโs customer support team, here.
Thank you for all of your continued support! We love y'all and a lot of our content simply wouldn't be possible without you! ๐โค๏ธ๐๐
Comments
Morgan Ash Monroe
True! ๐ can we all get an edit where we hear it in a sexy eugen voice ๐๐
Devin Beliveau
Thatโs weird I read it in Kiethโs ๐ in reality, itโs probably Ned.
Morgan Ash Monroe
i don't know why but i read this in zachs voice
Tia Turner
Wild. Thanks for the heads up ๐๐ฝโจ
Brianna Keogan
Thanks for the update! That stinks!
