Creator doesn't submit tax info: Final deduction is $240 because the withholding tax rate, if you don't submit a form, is up to 24% of total earnings.
Then these are the possible withholding scenarios: Of the $1000 in total revenue, their channel generated $100 from US viewers. To explain further, the company gave an example that if a creator in India earns $1,000 in revenue from YouTube in a month. The streaming giant YouTube has asked creators to submit their tax information to AdSense to understand the correct amount of tax deductions. What is the creators' community required to do now? There are more than 1700 Indian YouTube channels with more than 1 million subscribers as per the The move will impact the earnings of the YouTube creators' community in India and other countries too. Google AdSense program allows a faster and easier way to display relevant Google ads on your result pages 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," Google said in an email to creators.
"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. Adding that they had already made this change to US creators' terms of service in November last year. Google said it would soon be updating its terms of service for creators outside of the US, where your earnings from YouTube will be considered royalties from a US tax perspective. In a daunting news for the Youtube creators in India and outside US, the search engine giant Google said that it would begin deducting US taxes from payments to creators as early as June 2021 from creators outside of the US.Įarnings from viewers in the US through ad views, YouTube Premium, Super Chat, Super Stickers, and Channel Memberships will be taxable.