Bad news for Youtube creator - New withholding tax on US views of their content
Recently, the search engine giant Google announced that it would begin deducting US taxes from payments to Youtube creators as early as June 2021 from creators outside of the US. Earnings from viewers in the US through ad views, YouTube Premium, Super Chat, Super Stickers, and Channel Memberships will be taxable. Google said it would soon be updating its terms of service for creators outside of the US, where your earnings from YouTube will be considered royalties from a US tax perspective. Adding that they had already made this change to US creators terms of service in November last year. "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 earnings worldwide," Google said in an email to creators. Google AdSense program allows a faster and easier way to display ...