Upcoming Tax Changes (July 1st)
Added 2020-06-22 23:53:14 +0000 UTC
Hey everybody,
I wanted to give you an update on some changes that we’ll be seeing that 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 pledges
starting July 1st.
Based on location, some 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. In many
cases, it will be even less.
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 is 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 soon, but I
wanted to make sure you were aware of these changes ahead of the July 1st
effective date.
If you have questions, you should be able to find answers in this help center
article 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 for your support!! xoxo
Kati
Comments
Should five per cent appear too small Be thankful I don't take it all 'Cause I'm the taxman, yeah, I'm the taxman If you drive a car, I'll tax the street If you try to sit, I'll tax your seat If you get too cold, I'll tax the heat If you take a walk, I'll tax your feet If I give a pledge they'll take a wedge.
Ray Wood
2020-06-23 17:35:52 +0000 UTCYikes! 😬
TK
2020-06-23 13:48:59 +0000 UTCI can’t make it I’ve been called in for a 12 hour shift
Shri Ram
2020-06-23 08:45:20 +0000 UTCThanks for the "pre-heads up" :)
SusieQ
2020-06-23 00:12:39 +0000 UTC
