YouTube to Deduct U.S. Taxes from Creators Outside U.S.
- As early as June 2021, you’ll be taxed for revenue earned from U.S viewers
- Need to provide Tax information by 31st May 2021
- If not 24% deducted from all earnings.
- 0-30% tax deducted
- Fill form in AdSense and it’ll determine what % is going to be deducted
- Earning from Ad views, YouTube premium, super chats, super stickers and channel memberships
YouTube will start deducting taxes from non US citizens for US traffic.
Hi, my name is David and if this is your first time watching my videos, and you get value from the content that you watch, kindly consider liking this video and sharing it with your friends so that they can be informed and add the relevant details in their AdSense account.
So YouTube sent out an email yesterday with the following.
In part, we are reaching out because Google will be required to deduct US taxes from payments to create us outside the US later this year.
And this is as early as June of 2021.
So over the next few weeks, they’ll be asking us to submit our tax information inside AdSense.
I’ve already seen that the option is available to add the tax information so that they can determine the correct amount of taxes, they’ll deduct, if any.
So if your tax info isn’t provided by May 31, 2021, Google will be required to deduct 24% of your total earnings worldwide.
So if we don’t provide that information, they’ll deduct 24% from your total earnings worldwide.
But if you provide the tax information, they’ll only deduct the amount they determine based on your taxes just from the US traffic.
So what does this mean for us is that the tax is for US revenue.
This is our views, YouTube premium, super chats, stickers, just traffic that is oriented to the US market.
If your channel is really gets a lot of views from the US, then be sure that there’s going to be a good amount of taxes coming or being deducted.
So ensure that you know and add this information.
Also, the range of the taxation will be 0 to 30% really depends on where you are.
0% if you’re in a tax treaty country, with the US, if the US has a treaty with your country, then potentially you might just have a 0% deduction of tax, or up to 30%.
Really depends on where you are in the world. I’m not sure how much they do, they’re going to be deducting for –for Kenya, but I’ll see once I fill out the tax form.
And as I’ve mentioned, if you do not fill out the tax form, they’re going to deduct 24% tax from all the revenue from all viewers– that is everything from YouTube channel if you make $300, 24%.
But for the other one, they are considering US traffic.
If your US traffic is about $200 and the tax bracket they put you in is 10%, then they’re just going to be deducting something like $20 from that monthly YouTube earnings, — that is the US traffic.
So make sure that you add or manage the tax information inside AdSense.
And if you enter or go inside Google AdSense, you’ll see a the something of this sort, or maybe a notification at the top or letting you know that you’ve got money, your tax info.
And this is that all YouTube creators and partners need to submit tax information to ensure any applicable taxes on your payments are accurate.
So ensure that you do this. It’s paramount.
They say give to Caesar what belongs to Caesar.
So I believe that’s it for this video. And just make sure you fill out the relevant information as required.
Thanks for watching this video and staying in the know fill out your tax form. Thanks for watching.