Fairness Rocks News Google Announces Plans to Automatically Deduct Taxes From YouTube Creators’ U.S. Royalties


Fairness Rocks News Google Announces Plans to Automatically Deduct Taxes From YouTube Creators’ U.S. Royalties

Home Industry News Google Announces Plans to Automatically Deduct Taxes From YouTube Creators’ U.S. Royalties

Author: Dylan Smith

Date: March 10, 2021

Original Source: Digital Music News

Industry News

Google Announces Plans to Automatically Deduct Taxes From YouTube Creators’ U.S. Royalties

Google has announced that it “may begin withholding U.S. taxes on earnings” deriving from stateside YouTube viewers as soon as June of 2021 for creators who reside outside the United States.

Google revealed its plans to withhold U.S. taxes on YouTube income in an aptly titled article, “U.S. tax requirements for YouTube earnings.” Creators enrolled in the YouTube Partner Program – i.e. those who monetize their videos – may see their worldwide earnings docked by a significant 24 percent if they fail to submit their tax info via AdSense prior to Monday, May 31st, 2021, Google emphasizes at the piece’s outset.

Read More: https://www.digitalmusicnews.com/2021/03/10/youtube-witholds-us-taxes/