Managing income on a multinational platform like Youtube can be a real headache. This requires constant adjustments, to remain within the framework of the various local laws in particular. Income management is not easy. Whatever his status. As an individual, it's quite simple, we pay our taxes, we pay our taxes, etc. For professionals, it's more complex. And for creators of content on a multinational platform like YouTube, calculating income, taxes and the like can be very complex. This prompts you to make adjustments from time to time. The platform is preparing a fairly substantial one.
YouTube will automatically deduct US taxes. In almost all corners of the world, as soon as you earn money, you have to declare it to the competent authorities in order to subsequently pay taxes and other taxes. These can vary greatly from country to country, but taxes are an immutable concept . That being said, things can quickly get complicated if you make money in one country and live in another, for example, to content creators.
In the case of YouTube, Google has decided to start automatically deducting US taxes from income earned by creators residing outside the United States. Obviously, the platform will also deduct these taxes for American creators but applied to non-American creators, it is a very interesting decision.
In the email sent just recently to these same content creators, it read, we are contacting you because Google will be required to deduct US taxes from payments made to creators outside the US plus late this year (from June 2021). During the next few weeks, we will ask you to send us your information via AdSense to determine the amount of taxes to be deducted, if you are concerned. If this information is not submitted by May 31, 2021, Google could deduct up to 24% of your total aggregate revenue.
It may sound complicated, but YouTube has created a video to explain what they plan to do. If you are a content creator on YouTube and make a living from this platform, then said video could be interesting. More information on the dedicated help page .