YouTube to deduct taxes from payment to creators outside the US
Google-owned YouTube is set to begin deducting US taxes from payments to all creators on its platform who are outside the United State on the earnings they generate from the users.
The taxation policy is set to commence as early as June 2021 from creators outside of the US.
The video-sharing platform informed creators via an email that reads “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 31, 2021, Google may be required to deduct up to 24% of your total earnings worldwide.”
This change applies to all creators outside of the US, including the ones in Nigeria. However, there won’t be any similar tax deduction for creators living in the US.