Google has sent the email to all the YouTubers that is bad news for them. This news is not good for those YouTube content creators who are outside the U.S. YouTube sent an email to all the YouTubers to informed them about the upcoming tax changes to YouTube earning. In this email, they informed that the content creators have to pay the U.S. tax. Today I am explaining to you about Google bad news for YouTubers. Read this post till the end to know more about this.
The YouTubers who are from the US will not have to pay any additional tax burden. But the YouTubers who are outside the US will need to pay the US taxes from their payments Google inform on the email.
Google said in the email that “Over the next few weeks, we’ll be asking you to submit your tax info in AdSense to determine the correct amount of taxes to deduct if any apply. If your tax info isn’t provided by May 31st, 2021, Google may be required to deduct up to 24% of your total earning worldwide”.
Also, Read Change these privacy settings to secure your WhatsApp.
The important thing to understand for the new policy is that tax will be deducted when you earn from US viewers. It will not apply to the outside viewers. Tax will be deducted from the earning from US viewers not from the views of the ad but also from the Super Chat, Channel Memberships, Super Stickers, and YouTube Premium. The last date to submit all this is 31 May 2021.
How much tax will you have to pay?
|New tax rules for YouTubers outside the US|
|If you don’t submit tax information||You have to pay 24% of your total monthly earnings from YouTube from all the users|
|If you submit tax information and eligible for treaty benefits||You will have to Pay 15% tax from the money you make monthly from viewers in the US|
|If you submit tax information and not eligible for a tax treaty||Pay 30% tax from the money you make monthly from viewers in the US|
For the latest tech news, follow Hogatoga on Twitter, Facebook, and Google News For the latest videos tech-related, Subscribe to our youtube channel and Newsletter.