Home Creators Posts Import Register Favorites Logout
haven't archived this post yet. have a subscription? use the importer!

Content

Hello 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 Patreoncollects as a result of these laws are paiddirectly 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.

Files

Previews only

Important sales tax update for creators on Patreon from CEO Jack Conte

Recently Patreon sent a heads up to creators that we’ll be required by law to start charging sales tax on some patron pledges starting July 1st, 2020. We understand that any change can be daunting and this one is about tax — no one’s favorite subject. Taxes can be an intimidating topic, so let’s get into the details and break down what’s changing. We’ll go over the context for this change and how Patreon is giving creators more control over how tax is applied to their patrons. For more: - Jack’s AMA on the Patreon Creator Community forum, Thursday May 6th, 10am - noon Pacific: https://www.patreoncommunity.com/t/sales-tax-ama/7927 - Patreon Help Center article and FAQs on sales tax: https://support.patreon.com/hc/en-us/articles/360043054911

Comments

Kingbob Yap

Hmmm That was kind of him to make a video! It shows that he really doesn’t want to do it but his hands are tied.

shygiantess

I felt it explained the situation better than I could lol there will be an email sent out on the 1st probably with more information about it as well. 🙂