YouTube will withhold tax from everyone for the US

YouTube will withhold tax from everyone for the US

In an email that Google started sending it today, it announced that it would be required to cut US taxes from payments made to creators living outside the US. Tax information will be requested to identify people who are exempt from tax or have to pay a certain rate.

Explaining that it will send an e-mail on this subject in the coming days, Google stated that users who do not transmit tax information until May 31, 2021 may face deductions of up to 24 percent of the total earnings.

How will the YouTube tax process work?

In the next few weeks, AdSenseAn email will be sent by YouTube to the creators so that you can submit tax information to. AdSenseThe tax tool integrated into is made up of 6 steps and contains a series of questions. YouTube explains such an initiative as follows; Collecting tax information from all Google’s earning creators outside of the US; and ABDIt has a responsibility under section 3 of the US Revenue Act to deduct taxes in certain circumstances when they generate income from viewers on.

if YouTube It is stated that content producers will not incur tax deductions if their videos are not viewed by viewers in the US. Earnings from the USA AdSense will be taxed automatically.

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