Patreon and Sales Tax
Added 2020-05-31 20:50:17 +0000 UTC------Quote:
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 are 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 [..]
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I really have no idea what to make of this, I hope it will have minimal impact. I'll also try and minimize the effects as much as possible with what options I'm given.
Thanks for your lasting support!
There will be the sculpt update coming early monday. It's progressing very well, and is very close to completion. :}
