Google will soon start to deduct taxes from YouTube content creators in Ghana, Nigeria, and anyone living outside the US.
Google will withhold the earnings generated from viewers in the United States; thus, if you live in Ghana or outside the United States and have a monetized YouTube channel with a US-based audience.
And this exercise is going to be effective as early as June this year. If you have a YouTube Channel in Ghana, you may begin to have taxes deducted from your earnings later this year.
Google says it has a responsibility under Chapter 3 of the United States International Revenue Code to collect tax information from all monetizing creators outside of the united states.
“We’re reaching out because Google will be required to deduct U.S. taxes from payments to creators outside of the U.S. later this year (as early as June 2021),” Google said in an email to content creators.
From June going, expects google to tax your revenue from ad views, YouTube Premium, Super Chat, Super Stickers, and channel memberships.
“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 31st, 2021, Google may be required to deduct up to 24% of your total earnings worldwide.”
How To Submit Your Tax Details To Google
Over the next few weeks, YouTube creators in Ghana or outside the United States have to submit their tax information in AdSense.
Below are the steps to follow to submit your tax information in Adsense:
- Login to AdSense
- Go to Payments
- Go to Manage Settings
- Look for United States tax info, then click Manage Tax Info.
- You have to answer a series of questions to determine the appropriate tax form to fill out.
FAQs: YouTube Creators In Ghana or Outside The US Are To Pay Tax
Google will start deducting taxes on US earnings as early as June this year, and here are all questions answered concerning this information.
What is tax withholding?
Tax withholding is when taxes are deducted from your payments so that they can be paid to a government to meet the payee’s U.S. tax liability. Tax withholding may begin as early as June 2021.
How will this affect my income on YouTube?
Only the part of your earnings from viewers in the United States will be subject to tax withholding and reporting if you provide valid tax information.
My audience is not from the US. Do I still need to submit my tax details?
Yes! All YouTube content creators are to submit their tax information to Google regardless of if their earnings are from viewers in the U.S. or not. Doing this will help Google determine the correct withholding rate for you if you start getting views from the U.S.
Source: YouTube Help