IMPORTANT: Patreon UPDATE re sales tax ๐ (Patreon)
Content
Hi lovelies!
Happy Monday ๐
I wanted to give you all an update on some changes that weโll be seeing on Patreon which may affect some of your pledges. Due to new laws passing in several countries and various 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. I've been informed that the money that Patreon collects as a result of these laws are paid directly to local governments.
Iโm working closely with Patreon to ensure Iโm able to save you as much money as possible when it comes to sales tax ๐๐ฝ
If youโre in a location where sales tax will be required, you should expect to receive (or may have already received) an email from Patreon with more information about this, but I also wanted to take a moment to make sure you were aware of these changes before they come into effect in a few days โบ๏ธ and yes, I'm a little delayed on this message as I completely forgot and am just getting around to all the information myself today! ๐
If you have questions, you should be able to find answers here (I do recommend having a read if you would like more information or clarification โบ๏ธ). If you still have questions, the best place to get an answer is from Patreonโs customer support team, here.
Thank you for all of your support beautiful people and I look forward to another amazing month with all of you ๐
With love,
Jessa
Xx
๐
Files
Previews only