Difficult to earn money: YouTube will now collect tax, new rules will be applicable in June

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As of now, those who make videos on YouTube do not have to pay tax, but will have to pay tax soon. YouTube has now decided to collect tax from YouTube creators outside the US, ie if you are a YouTuber of India, then you will have to pay tax, however the relief is that you only have to pay taxes for the views that you have received from American viewers. . The thing to note here is that American creators will not have to pay tax.

Simply put, if you are a YouTuber of India and someone is watching your video in the US, then you will have to pay tax to YouTube for your earnings from these views. YouTube’s new tax policy is being implemented from June 2021 i.e. deadline till May 31. The company has also made a video about the new rule and also shared it with its Twitter handle.

YouTube has also asked video creators to submit tax information to an AdSense account. The most important thing is that if you do not give your tax information till May 31, 2021, then the company will deduct 24% of your total earnings.

This YouTube rule differs from country to country. The tax rule depends on whether the US has a tax treaty with your country. In the case of India, if you give tax information and claim a tax treaty, your tax will be reduced by 15% on the views received from American viewers. On the other hand, if a creator gives information about tax and does not have a tax treaty with America, then the income from American viewers will be taxed up to 30 percent.

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Many creators have criticized YouTube’s decision to levy tax. Creators say that the company is already taking its share of the revenue, so why tax it separately? This decision of YouTube may harm small creators who do not have a million followers.

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