AnimasAnimus
patreon
Patreon and sales taxes
🕑 Added 2020-05-28 20:08:17 +0000 UTCThis is something Patreon send me today...
Due to new US Laws Patreon have to charge sales taxes. Taxes are always a downer, but there is nothing I can do about this. so here is what Patreon prepared for the creators to tell you:
Hi everyone,
I wanted to give you an update on some changesthatwell 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 pledgesstarting 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 Patreoncollects as a result of these lawsare paiddirectly to local governments.
Im working closely with Patreon to ensure Im able to save you as much money as possible when it comes to sales tax - which is not something thats possible with other platforms.
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 1stwhen they go into effect.
If you have questions, you should be able to find answershere.If you still have questions, the best place to get an answer is from Patreons customer support team,here.
Thank you for all of your support.
I hope this helps to clearify things and again thx for your love and generousity
