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YouTube set to deduct taxes from creators of up to 24 percent

 YouTube just now sending notification to its content creators asking to submit all tax information until May 31, 2021. 

Recently, the video-sharing giant announced that all monetizing creators outside the U.S. will now required to be taxed by the U.S. government due to American tax laws. This mean that you have to prepare yourself for the sudden dropped on your pay out as early as June 2021, especially if you have a large audiences from the U.S.

"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 31, 2021, Google may be required to deduct up to 24 per cent of your total earnings worldwide," Google official notification read.

The tax deduction will somehow affect creators with large US empire of viewers, under the chapter 3 of the US Internal Revenue Code, mandates the company to deduct taxes from creators when they generate revenue from US-based viewers.

It is important to know that the tax will be deducted from the earnings from viewers in the US through ad views. However, if you failed to provide Google your tax info after May 31st, 2021, Google may be required to deduct up to 24% of your total earnings worldwide.

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