YouTube will Start to Deducting Taxes From All Creators Outside America

 

YouTube will Start to Deducting Taxes From All Creators Outside America

Hello Friends. YouTube owner company Google announced that they will take 24% tax from YouTubers. That means YouTubers have to pay 24% income tax on YouTube earnings. It will apply from June 2021. This new tax rule will be applicable to all country content creators except America. Which means Indian YouTube creators will also come under the purview of this new tax rule. They have to pay 24% tax per month on their earnings. Please Read this article completely to know all about this.

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Well, the relief is that you have to pay only for those views which come from America. But American creators don’t have to pay this tax. If we talk about it in a simple way, if you are a YouTube creator of India and someone watching your video from America then you have to pay tax for that view from that view's earnings. And it will apply from June 2021. Well Google also shared a detailed video on his new tax rule of his official Twitter handle. 

 

New YouTube Tax Rule

According to the new tax rule, YouTubers have to give income details before 31 May 2021. If they give income details then Google will take only 15% tax from YouTube content creators. And if they don’t give then they have to pay 24% tax. Google started mailing this to all content creators. And Google also asked to fill income tax details in the Google Adsense account. If you don’t give tax information before 31 May then you have to pay tax at the rate of 24%. 


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How Much Tax have to Pay

YouTubers have to pay tax for those views which come from America. YouTube premium, super chat, super sticker and channel membership will also be included in this list. If we talk in a simple way, if YouTubers earn $1000 and earn $100 out of it from American viewers then YouTubers have to pay 24% tax on $1000. 

Many YouTubers are criticizing this new tax rule. They said the company was already taking his commission then why are they taking extra tax. Small YouTubers have to face trouble after this YouTube decision. Because they don’t have a million followers. 

 

Conclusion

I shared with you this latest YouTube new tax rule update. If you like this article then definitely share with your friends. And you can comment, if you have any suggestions.


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