Important update about Sales Tax/VAT/GST
Added 2020-05-21 17:42:29 +0000 UTCHi everyone,
Patreon will be going through some changes soon and we wanted to let you guys know what's up before the changes happen!
What do you need to know? Patreon is going to be charging tax on people from specific/certain regions and countries. 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.
We have put in place everything Patreon requested in each Tier (old and new ones) to make sure that taxes are only charged where they apply.
Less than half of all patrons will be charged sales tax, and for most, the amount will be very small. 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 will be 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.
Patreon should inform you guys about this June 1st, so keep an eye out for any emails if you'll be going through some changes.
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.
Best,
Cast n Play Team
Comments
I've been paying 21% tax since I started backing people on Patreon (living in the Netherlands).
Vassago
2020-05-22 15:25:28 +0000 UTCBeen paying VAT since I started patreon tbh about 5/6 months ago
Chris Thompson
2020-05-22 07:20:19 +0000 UTC