Google said in its official communication that, in the last few weeks, we will also ask you for information about filing taxes in Adsense.
Google has recently made an announcement that can disappoint Indian YouTubers very much. After this announcement, Indian YouTubers will no longer be able to make much money from videos. Search giant gave this information to all YouTubers in an email and said that, the company will now deduct US tax from the videos that are sent to YouTubers. This will apply to content creators outside the US. It will not have any effect on American YouTubers. This tax can start from June 2021.
According to the news of Gadgets Now, in its official communication, Google said that, in the last few weeks, we will also ask you for information about paying taxes in Adsense. If your tax information is not available by May 31, 2021, Google will deduct 24 percent money from your month’s total earnings.
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. At the same time, the list will also include 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 not have to pay tax for viewers outside the US, nor will there be any tax on those money.
What is the new tax rule?
If you do not pay attention to it and do not submit your tax information, then you will have to pay 24 percent of your month’s total earnings. On the other hand, if you give tax information and are eligible for treaty benefits, then you have to pay 15 percent tax for those American viewers with whose help you have earned money. On the other hand, if you pay tax and are not eligible for tax treatment, then you will have to pay 30 percent tax. This tax will have to be paid on the earnings from the US viewers.
How much tax will Indian content creators have to pay?
As an example, Google said that if a content creator in India earns $ 1000 a month. And out of that, he has earned 100 dollars with the help of American viewers, then he will have to pay 24 per cent of his month’s total earnings ie $ 1000, which is $ 240. Let me tell you that one thing is certain about this news that the difficulties of the content creators of India can increase further because the YouTubers of India already get less money than the US.
