YouTube declared in an email to the creators that the changes are much likely to take effect on June 2021.This will indeed affect the creators' earnings.YouTube company asked creators to submit their tax information on AdSense. This tax information obviously will determine the amount to be deducted.
YouTube noted it might have to deduct up to 24% of total earnings from those creators who will fail to provide their tax information.
Following a video shared on Twitter on @Youtubecreators account, Google has a law under chapter 3 of the US Internal Revenue Code. This law gives Google the the responsibility to ensure they collect tax information from all monetising creators outside the United States, withhold taxes and report to the internal revenue service.
Log in to your google AdSense and click payment. Go to manage settings and scroll down to the U.S. tax info section.You will be required to complete a questionnaire to determine which tax form you need to fill out.
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