Youtube To Deduct Taxes From Nigerian Content Creators, Other Countries
YouTube would start deducting United States taxes from payments to creators outside the country from June 2021.
“We’re reaching out because Google will be required to deduct U.S taxes from payments to creators outside of the U.S. later this year (as early as June 2021),” Google said in a email to content creators.
“Over the next few weeks, we’ll be asking you to submit your tax info in AdSense to determine the correct amount of taxes to deduct, if any apply. If your tax info isn’t provided by May 31st, 2021, Google may be required to deduct up to 24% of your total earnings worldwide.”
Earnings made from YouTube Premium, Super Chat, Super Stickers, and Channel Memberships will be taxable.
YouTube said its parent company Google had the responsibility under Chapter three of the US Internal Revenue Code to collect tax information, withhold taxes, and report to the Internal Revenue Service when a creator earned royalty revenue from viewers in the US.