YouTube to collect tax from Kenyan content creators
YouTube logo. (Courtesy)
Kenyan YouTube content creators are expected to submit their tax information to the video-sharing platform by March 31 in order to avoid a hefty 24% taxation on their earnings.
In a new requirement, the Google-owned service will require content creators to pay taxes to the United States.
YouTube wrote a statement to creators, informing them of the condition, which will begin in June.
“We’re reaching out because Google will be required to deduct U.S taxes from payments to creators outside 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,” reads part of the message by YouTube.
THE STANDARD By
Kirsten Kanja |
March 15th 2021 at 00:00:00 GMT +0300
Kenyan YouTube content creators are expected to submit their tax information to the video-sharing platform by March 31 in order to avoid a hefty 24 per cent taxation on their earnings.
In a new requirement, the Google-owned service will require content creators to pay tax to the United States.
YouTube wrote a statement to creators, informing them of the condition that is set to begin in June.
“We are reaching out because Google will be required to deduct US taxes from payments to creators outside the US later this year. Over the next few weeks, we will be asking you to submit your tax info in AdSense to determine the correct amount of taxes to deduct, if any apply,” read the message by YouTube.