YouTube has released new information about its tax policies, which particularly affect content creators outside of the United States.
Are you a content creator based outside the US? Then you may soon see some significant changes to your YouTube earnings. You can watch this video created by YouTube on the specifics of the new regulations, but here are the most important points:
- Google, YouTube's parent company, must collect tax information on all creators based outside of the US according to US tax law.
- If you are based outside of the United States, you may soon see deductions on your YouTube earnings - as early as June 2021.
- In some cases, Google will tax your earnings from US viewers.
- Income can come from a variety of sources like ad views, YouTube Premium, Super Chat, Super Stickers and channel memberships.
- Creators will need to update their tax information in their AdSense accounts.
- Taxes may vary between 0-30% based on earnings originating in the US and your home country's tax treaties with the US.
- If you don't complete your tax information by the deadline, Google will be required to tax ALL of your income by 24%.
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