Patreon and Sales tax
Added 2020-05-28 20:10:21 +0000 UTCHey hey guys, today I’m coming to tell you about patreon and sales tax. They wanted me to tell you guys this:
I wanted to give you an update on some changes that we’ll 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 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.
I’m working closely with Patreon to ensure I’m able to save you as much money as possible when it comes to sales tax - which is not something that’s possible with other platforms.
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.
Thank you for all of your support.
Okay so I’m not sure how this will effect you guys here. I don’t offer anything in the benefits thing patreon offers, so I’m not sure if sales tax will be applied here. From the looks of it, they are detecting if my tiers have sales tax applied to them by keywords and apply them to your bill depending on your location. If you didn’t know, which each tier, there is a benefit category where I left blank because I’m not selling anything or “giving away” items. It’s quite ambiguous on what they are asking so I’ve tried to set everything up where you all won’t be charged sales tax. But at the end of the day, it’ll all depend on your location. Just wanted to let you all know before they implement it.
Comments
From the looks of it 👀
2020-05-28 20:13:04 +0000 UTC:
C Bingus AKA Chikkn Bingus
2020-05-28 20:12:59 +0000 UTCIs that a fucking tax
Fumbles
2020-05-28 20:12:09 +0000 UTC