tojothethief
patreon
Patreon and Sales Tax
🕑 Added 2020-05-29 17:00:05 +0000 UTCHey friends, I wanted to give you all a heads up that as of July 1st, Patreon will start charging sales tax on pledges. Below I have copy and pasted their "pre-made post" with all of the details. All of my tiers are pretty low so I don't think it will have a huge impact on costs, but if you support a lot of artists or if you have some pledges that are large it may add up (note that you will get an email from Patreon if you are one of those who will be charged taxes).
Thank you all <3
"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.
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. "
Comments
Eric (Paroxysmal)
ahh shoot if i start getting taxed.. that'll be a lot more oof
Dan
Thanks for heads up bro
