regarding the sale taxes changes on patreon on july 1st
Added 2020-06-20 20:53:10 +0000 UTC(this is literally the sample mail that anyone with a creator account got,i'm not too well versed in this kind of topics so i thought i'd just use it instead of coming up with something of my own, i don't want to further confuse you all. anyways i figured i'd let you peeps know what was going on with patreon and all before the changes take place, from the little i can understand it's nothing too big, but it'll impact you most of all, so maybe give this a read)
Hi everyone,
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.
Comments
Thanks for keeping us in the loop dude. This is not ideal, but hopefully it's also moving towards the law catching up with various aspects of the internet and making it into a proper essential service, to avoid companies monopolizing access like they've been trying a ton.
Taikowolf
2020-06-20 22:45:52 +0000 UTCYeah, long story sort, greeders want more... Well that's that i guess... it wont stop me for being a patron, and not worry Blaze. Once more I only wish you and everyone else here to be safe and take care of yourselves.
Xeralex
2020-06-20 20:58:51 +0000 UTC