YouTube Has a Big Announcement for Creators and It’s Not Looking Good

Date:

A check has been placed on the YouTubers outside the American region. Google has recently made a thunderbolt announcement for all YouTube creators, which might affect them heavily. 




This subsidiary of google is no more tax-free. The worldwide tech giant stated that creators outside the US would be required to pay a sum of tax calculated and deducted through the sum of viewers from the United States. American creators, on the other hand, won’t have to take any part in this burden. 

YouTube Has a Big Announcement for Creators and It's not Looking Good




According to media communication, this tax deduction will be initiated and put into force as fast as June 2021. 

About the workings of this tax, the money will be deducted in the form of tax through:

Graciously, the YouTubers won’t have to pay tax for viewers outside the US, provided that they submit relevant tax documents to Google. If any such necessary communications are ignored, google will impose a 24% tax on the YouTuber’s total monthly earnings. 




Additionally, the parent company of YouTube announced in an official press communication that all the documents required to be submitted for tax info need to be turned in by March 31, 2021. Otherwise, a default percentage of 24% tax will be deducted from the monthly earnings of the YouTubers, irrespective of their varied viewers from all parts of the world. 

Thus, while a YouTuber outside the US will have to face 24% of tax on his/her monthly earning if he/she doesn’t turn in the documents by the due date, the creators who submit the tax Info and are eligible for a treaty benefit (that which India has with the US) will have to pay only 15% from their monthly earnings earned from US viewers. 




Also read- Google Meet: New Features of Google Video Conferencing App

However, if the creator does turn in the documents but is not eligible for the treaty benefit, then he is entitled to pay 30% of tax on his monthly earnings from American viewers.

So, if you are reading this article and currently a YouTube creator outside India, then you are highly advised to visit and go through Google’s support page for pertinent information on tax dates and documents. 




Related articles

OTT Review: Kota Factory Season 2 Review Lacks On Emotional Front, Plays On Nostalgia

The season 2 of Kota Factory might be taking all the limelight, so it deserves, but there are...

Top Skills You Can Learn From Youtube in Lockdown Period

There is no age to learn new skills and in the internet era, there is no such hurdle...

YouTube Shorts Beta Will Roll Out in the United States in March 2021

With the trend of short videos everywhere, youtube is sent to roll out youtube shorts beta in the...

TVF Aspirants Episode 05: A Well Deserved Season Finale With A Little Less Climax Value

The 5th and last episode of TVF Aspirants are out and available on Youtube for you to watch...

Who’s Shubham Gandhi and Why YouTube Algorithm Might Push His Content To Your Feed Soon

Shubham Gandhi, who gained quite a name for himself due to his successful sketch comedy YouTube channel that...

Download YouTube Video and Facebook Video On Mobile Like This

YouTube and Facebook are one of the two main entities that are used to view and share popular...

Will Smith to Feature in A New YouTube Series that is All About How to Get Fit

Who could have ever thought about Will Smith, who is one of the fittest people on this planet...

10 Best YouTube Channels for UPSC Preparation

If you are a UPSC aspirant then you must know that each second and minute of your life...