American online video-sharing platform, YouTube is set to deduct taxes from content creators outside the US on revenues they generate from views they get starting in June 2021.
In light of this development, the Google-owned company headquartered in San Bruno, California has already sent out letters to creators signed on their platform, asking them to submit their tax information soon.
According to the company, content creators are to submit their tax information through their AdSense account, so YouTube will be able to determine the correct amount of taxes to be deducted.
This policy will be applicable to all YouTubers around the world, including those in India and Africa. However, the creators living in America will not be a part of this policy.
In the email sent to creators, Google said: “We’re reaching out because Google will be required to deduct U.S taxes from payments to creators outside of the U.S. later this year (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.”
As such, earnings from YouTube Premium, ad views, channel memberships, super chat, super stickers, among others will be taxable.