A Quick Note On Sales Tax!
Hello everyone!
As I am sure any of you who patreonize several creators have already heard much about, Patreon will be required to start charging sales tax for many countries beginning in July.
Patreon may have already send you an email about this update as well. Depending on where you live, you may be charged your state or regions sales tax rate from now on on part of your pledge, but this should be very minor, and possibly your entire pledge may be exempt because only certain kinds of Patreon bonus content can even be taxable! I'm pretty sure most if not all of my bonus content is actually exempt from the current guidelines, so we should be pretty in the clear generally!
Patreon explains it as such:
"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."
For more information, check out Patreon's official information posts on the subject here: https://support.patreon.com/hc/en-us/articles/360043055071
Thank you so much for your support!
