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YouTube to Start Deducting Taxes From Creators Outside US
A new update will enable YouTube to deduct up to 24 percent of creators’ total earnings worldwide if they fail to provide their tax information. By Jagmeet Singh | Updated: 10 March 2021 15:47 IST
Photo Credit: Reuters
Highlights
The update will come into force from June 2021
Several YouTube creators are criticising the update
YouTube is set to start deducting taxes from creators outside of US on the earnings they generate from viewers in the US. The new policy will begin from as early as June 2021, the Google-owned company said in an email to creators. YouTube has also asked creators to submit their tax information in AdSense “to determine the correct amount of taxes to deduct”. The changes apply to all creators outside of the US, including the ones in India. However, there won t be any similar tax deduction for creators living in the US.
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