YOUTUBE TO DEDUCT TAX FROM CONTENT CREATORS OUTSIDE US

YouTube will withhold tax from content creators based outside of the United States on the profits they receive from YouTube viewers. The new standard will be implemented as soon as June of this year, with the new regulation taking effect in July. Creators have already received letters from the Google-owned corporation, requesting that they send their tax details as soon as possible. This law will be applied to all YouTubers worldwide, including those in India. This proposal, on the other hand, would not apply to American authors.

According to the YouTube forum page, the creators will have to submit their tax information to AdSense so that the firm can determine the correct amount of taxes to be deducted. A warning message on the support page also states that if the creator does not provide his tax information until 31 May 2021, “Google may be required to deduct up to 24 per cent of [its] total income worldwide.”