Google to cut 24% tax from YouTube content creators
News Desk || risingbd.com
Google has made a new announcement that will come as bad news for YouTube content creators in India and other parts of the world, reports indianexpress on Thursday (March 11).
Creators who are not based in the US will be subject to US tax withholding or deductions from their monthly earnings. The new policy does not affect US-based creators. The additional tax for non-US-based creators may start coming into effect from June 2021.
Further, Google will deduct taxes on YouTube earnings from viewers in the US on not just ad views, but this will include YouTube Premium, Super Chat, Super Stickers and channel memberships, according to a support page.
Google’s post on the support forum says that “all monetizing creators on YouTube, regardless of their location in the world, are required to provide tax info. Please submit your tax info as soon as possible. If your tax info isn’t provided by May 31, 2021, Google may be required to deduct up to 24% of your total earnings worldwide.”