Google May Withhold Taxes From Non-US YouTube Creators

Google is considering withholding taxes from non-US YouTube creators, starting in June 2023. This is due to a change in US tax law that requires Google to collect tax information from all monetizing creators outside of the US.

If you are a non-US YouTube creator, you will be required to submit your tax information to Google by May 31, 2023. If you do not submit your tax information, Google may be required to withhold up to 24% of your total earnings worldwide.

The amount of tax that Google withholds will depend on your country of residence and whether your country has a tax treaty with the US. If your country has a tax treaty with the US, you may be able to claim a reduced withholding rate.

To submit your tax information to Google, sign in to your AdSense account and go to the Payments tab. Under Tax info, click Manage tax info. You will then be able to enter your tax information.

If you have any questions about the new tax withholding requirements, you can visit the Google Support Center for more information.

What does this mean for non-US YouTube creators?

If you are a non-US YouTube creator, it is important to submit your tax information to Google by May 31, 2023. This will help to ensure that you are taxed correctly on your earnings.

If you do not submit your tax information, Google may be required to withhold up to 24% of your total earnings worldwide. This could have a significant impact on your income.

What can you do to prepare?

Here are some things you can do to prepare for the new tax withholding requirements:

• Gather your tax information. This will include your tax identification number, country of residence, and any other relevant information.
• Review the Google Support Center for more information. The Google Support Center has a number of resources that can help you to understand the new tax withholding requirements and how to submit your tax information.
• Consult with a tax advisor. If you have any questions about the new tax withholding requirements, it is a good idea to consult with a tax advisor.

Conclusion

The new tax withholding requirements are a significant change for non-US YouTube creators. It is important to understand the new requirements and to take steps to prepare. By submitting your tax information to Google by May 31, 2023, you can help to ensure that you are taxed correctly on your earnings.