New tax policy on Patreon.
Added 2020-06-20 16:25:28 +0000 UTCHey guys!
I just wanted to give you a quick update about the new tax policy on Patron...
I'm not sure if you know or not - or did Patreon sent you the message about the additional VAT, but I'll inform you anyway.
These new rules will 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 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 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
Yeah I feel your pain dude 😭👍🏻
2020-06-20 19:40:24 +0000 UTCJust like megaVox789. I live in EU belgium, and I've alway's had the sales tax. Find it stupid, since a 10 pledge is never a 10 pledge but will cost us around 15 with the added tax on top of it.
ismaral
2020-06-20 19:05:08 +0000 UTCYeah, the EU guys were paying the VAT for a long time, as I know. And it sucks... I think these new rules will affect the US guys mainly, cuz there wasn't any additional tax for them before.
NOTvil
2020-06-20 17:12:42 +0000 UTC
