Adsense New Update 2021 | YouTube Bad News | Tax Changes To Your Youtube Earnings

Adsense New Update 2021 | YouTube Bad News | Tax Changes To Your Youtube Earnings

Adsense New Update 2021

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This update is important for all monetizing content creators outside of the United States.
In this video, we’ll walk you through how to submit your tax information in AdSense

We’re contacting you because Google will be required to deduct US taxes from payments to creators outside of the US later this year (as early as June 2021). Over the next few weeks, we will ask you to submit your AdSense tax information to determine the correct amount of taxes to deduct, if any. If your tax information is not submitted by May 31, 2021, Google may be required to deduct up to 24% of your total earnings worldwide.

what do I need to do?

In the next few weeks, you will receive an email submitting your tax information in AdSense. The AdSense Online Tax Tool consists of six steps and will ask you a series of questions to guide you through the process to determine if there are any US taxes in place. For more information on these changes and a list of tax information to prepare, visit our Help Center.

Why does this happen?

Google has a responsibility under Chapter 3 of the US Internal Revenue Code to collect tax information from all creators earning income outside of the United States and to withhold taxes in certain cases when they earn income from viewers in the United States.

For creators outside of the US, we will soon update our Terms of Service so that your earnings from YouTube will be perceived as revenue from a US tax perspective. This may affect the way your earnings are taxed, and as required by US law, Google will withhold taxes.

How will my earnings be affected?

If you provide your tax information, US taxes may only be applied to your monthly US earnings from AdSense (revenue earned from US viewers through ad views, YouTube Premium, Super Chat, Super Stickers, and channel memberships). If no tax information is provided, your tax rate may default to the highest individual reserve withholding rate (24% of worldwide profits). To estimate the potential impact on your earnings, follow these instructions.

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