WELCOME TO FRENDZ4M |
Asia's No 1 Mobile Community |
Thu, Nov 7, 2024, 03:34:01 PM
Current System Time: |
Get updates | Share this page | Search |
Telegram | Facebook | Twitter | Instagram | Share on Facebook | Tweet Us | WhatsApp | Telegram |
Forum Main>>Gprs / Network Zone>> Attention YouTube content creators, Google has some bad news for you |
Page: 1 |
Sujit_007 PM [273] Rank : Premium A/C Expert Status : Administrator |
#1 Attention YouTube content creators, Google has some bad news for you Google just made an announcement that can make YouTubers a bit poorer in India and other regions. The search giant in an email to all YouTubers informed that it will be “required to deduct U.S. taxes from payments to creators outside of the US”. American YouTubers will not have to take on additional tax burden. This additional tax for YouTubers outside the US may start getting deducted as early as June 2021. “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,” said Google in an official communication. What is important to understand is that the tax will be deducted from the earnings from viewers in the US through ad views, YouTube Premium, Super Chat, Super Stickers, and Channel Memberships. You won't have to pay tax for the money you make from viewers outside the US if you provide relevant tax documents. However, if you decide to ignore this communication from Google and don't submit relevant tax info, you may have to pay a massive 24% tax on your entire monthly earnings from YouTube. How much tax will you end up paying? • If you choose to ignore this and do not submit documents as necessary, you will have to pay 24% tax on your entire monthly earnings from YouTube from all users. • If you submit tax information and are eligible for treaty benefits, you will have to pay 15% tax on the money you make from viewers in the US. • If you are not eligible for the treaty benefits, you will have to pay 30% on the money you make from US viewers. How much money will YouTubers in India end up paying? As Google explained with an example - if a content creator in India makes $1000 from YouTube and out of that $100 is from the viewers in the US, here are the likely tax deduction possibilities: If you don’t submit your documents: You will end up paying $240 out of the $1000 you are making from YouTube thanks to the 24% tax deduction. Since you did not submit tax documents, the deduction is going to be from your entire earnings, not just earnings from US viewers. If you submit documents and are eligible for treaty benefit: You will end up paying $15 out of the $100 you are making from US viewers (15% tax deduction). Indian and US have a tax treaty relationship that reduces the tax rate to 15%. If you submit documents and are not eligible for treaty benefit: You will end up paying $30 out of the $100 you are making from US viewers (30% tax deduction). So, if you are making money from YouTube, it is best to head over to the Google support page and check the tax information and documentation you need to submit. The last date to submit all this is May 31, 2021. ----------------- 1 ❤: AbhiSona, |
AbhiSona [PM 44] Rank : AbhiSona Status : Head Admin |
#2 news |
Mns [PM 1608] Rank : Newbie Status : Member |
#3 |
rayanbill [PM 3106] Rank : Junior Member Status : Member |
#4 thanks for the info |
QwertyUpi [PM 4081] Rank : Beginner Status : Member |
#5 |
[PM 615] Rank : Beginner Status : Member |
#6 Gst |
Login |
Page: 1 |
Home | Top | Official Blog | Tools | Contact | Sitemap | Feed |
Page generated in 0.19 microseconds |