FYI : New Patreon Sales Tax Info
Added 2020-05-31 20:55:51 +0000 UTCJust wanted to alert you all to this before it goes into effect in July... Apparently it will only affect some of your pledges but it depends on location. Here is the info we were given by Patreon :
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 we 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.
Thank you all so much.
Monthly Giveaway Contest ends tonight! Go to this post and vote for your favorite Circa Story!
For all you Level 4 folks, see you at the Q&A livestream in a few hours!
-CS
