Important Patreon Update! (Patreon)

Published:

2020-05-22 16:00:08

Imported:

2024-03

Content

Hey, everyone. There some new changes coming to Patreon across the whole site starting July 1st but we wanted to let you all know ahead of time.

We 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.

You can click the linked document for more information, but the following will also give a shortened run down of the information.

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.

Patreon are working on steps to ensure that we're able to save you as much money as possible when it comes to sales tax, and as a result you should hopefully end up being charged as little sales tax as possible.

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 we wanted to make sure you were aware of these changes way ahead of July 1st when they go into effect.

However, we at The TRY Channel understand that with everything going on in the world right now and with times being incredibly tough, we fully understand if you decide to stop being a patron to the channel - we have appreciated all the support you've given us thus far and we will still be here should you wish to return your pledge at a later date.

If you have questions, you should be able to find answers on Patreon's site here. If you still have questions, the best place to get an answer is from Patreon’s customer support team, here.

Again, thank you for all of your support you have given us so far. It does not go unappreciated. <3

- The TRY Team

Files

New Sales Tax Requirements on Patreon

On May 6th, 2020 Patreon announced that we are being required by law to start adding sales tax to more patron pledges starting on July 1st, 2020. This affects patrons in parts of the US and 17 other countries ( Patreon already handles charging and paying VAT (European sales tax) for patrons in the EU, and has been doing so .