News

Non-US Based YouTubers Will Now Have to Pay US Taxes on Top of Their Own

According to a new regulation, YouTube creators will now have to pay US taxes (if applicable) even if they are based in some other country, starting from June 2021. Failing to do so, Google may impose a deduction of up to 24% on their overall global earnings.

Source

The good news is that the tax is applicable only to the revenue earned off US-based viewers via Adsense either on YouTube, Super Chat, Super Stickers, Channel Memberships, and possibly even for ads placed on blogs and other websites.

Although this may seem like a minor issue, it’s not. The majority of the internet traffic for a lot of technology, gaming, and other related channels comes from the United States, regardless of where the channel is based. This is essentially an additional tax slab in addition to your own Income Tax which is not only an inconvenience but a plain burden on certain moderate-sized channels.

It’s unclear whether the tax is only applicable to YouTuber creators, but across all implementations of AdSense including mobile apps, websites, blogs, marketplaces, etc. At the time of writing, we haven’t gotten any such notice and will update this post if or when that changes.

Areej

Computer Engineering dropout (3 years), writer, journalist, and amateur poet. I started Techquila while in college to address my hardware passion. Although largely successful, it suffered from many internal weaknesses. Left and now working on Hardware Times, a site purely dedicated to.Processor architectures and in-depth benchmarks. That's what we do here at Hardware Times!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button