YouTube to deduct taxes from Nigerian content creators, others

Temiloluwa O ’ Peters
YouTube is set to start deducting taxes from creators outside of the United States on the earnings they generate from viewers in the US .
The company said in an email to creators that the additional tax may come into effect from June 2021 .
YouTube also asked creators to submit their tax information in AdSense “ to determine the correct amount of taxes to deduct” .
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“ If your tax info isn ’ t provided by May 31 st, 2021 , Google may be required to deduct up to 24 per cent of your total earnings worldwide , ” the email read.
On a support page , the company stated that upon submission of US tax info , withholding rates would be between zero per cent and 30 per cent on earnings generated from viewers in the US and also depended on whether the creator ’ s country had a tax treaty relationship with the US .

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 .

YouTube to deduct taxes from Nigerian content creators, others

Author: Rosemary