Difficulties for content creators increased: Now making money from YouTube will not be easy, the company has made a new rule
Now earning money from YouTube will also not be easy. The company plans to implement the new policy soon. Google told YouTubers via email that from now on you will have to pay US tax on the earnings from YouTube videos. However, the new rule will apply to content creators outside the US. It will have no effect on American YouTubers. This tax can start from June 2021.
9 to 5 Google said in its report that Google said in its official communication that, in the last few weeks, we will also ask you for information on filing taxes in AdSense, so that the correct amount can be cut. If your tax information is not available by 31 May 2021, the company will deduct up to 24% of your total earnings.
Suppose by example, a creator earned $ 1,000 (about 73 thousand rupees) from YouTube last month, and out of this total gross of $ 1,000, the channel has generated 3100 (about 7300 rupees) from American viewers. So there can be three possibilities …
- If the Creator does not provide tax information. As the company said in the email, if the information is not given, it will be cut by 24% of the total earnings from all over the world. That is, $ 240 (about 18 thousand rupees) will be deducted as tax on the total earnings of 81,000 (about 73 thousand rupees) for not giving information.
- Creator gives tax information and claims tax treaty. In this case the final deduction will be of $ 15 (approx. 1100 rupees), because ‘tax treaty relationship’ between India and American. , Which reduces the tax rate by 15% in earnings from American viewers.
- In case the creator gives tax information and is not eligible for treaty benefits, the final deduction will be $ 30 (about Rs. 2200). This is because the tax rate without tax treaty Accounts for 30% of audience earnings. Tax will be levied only on earnings from American viewers The thing to understand for the users here is that, these money will also include the portion that you have earned from advertising and American users. The list also includes YouTube Premium, Super Chat, Super Stickers and Channel Memberships. The company said that, if you give complete information in the tax document, then you will be taxed on the earnings from viewers outside the US.