YouTube Money....

[Hippo-Drones]

So if you are outside the USA and can monetise your content, from June, you may need to have dealt with this:

It seems so far that it is based on views from the USA, not your whole channel, but you need to get on top of this if it will affect you!

 

[Theodor]

Did it say anything about US creators being taxed for viewers outside US? Would it be more cost efficient to make a legal body in US, to collect the money with?

 

[Hippo-Drones]

Nope, it was not targeted toward USA channels

 

[R-Rated]

Yet AdSense withheld nothing from me this past tax year because it did not pass the threshold on income.

You guys got to be millionaires!

 

[Moto Mengy]

I'm not over 1K subs yet so this won't affect me for awhile, but I wonder if I'll still get the email for my tax info too?

 

[R-Rated]

I'm not over 1K subs yet so this won't affect me for awhile, but I wonder if I'll still get the email for my tax info too?

I did not. You will have to contact them to see for sure that you won't get one. Nothing like relying on the mail.

 

[Baldbiker]

Are you sure this isn't a scam? I always get suspicious when I get emails asking for sensitive personal info like this.

 

[Hippo-Drones]

def not a scam, I had YT notifications as well as the email

 

[LandyVlad]

It's real.

No way in heck I'll be giving YT my tax file number though.

 

[AlanSmith7]

24% Off total YT income means a lot for big YouTubers.

 

[Meifesto]

It is a new cashpiggy for the us goverment.
Taxing people not living, not working, and not from the US tax income.

 

[Theodor]

How is it new? If you own US market stock, your dividends have always been taxed

 

[Hippo-Drones]

24% Off total YT income means a lot for big YouTubers.

It isn't off total YT earnings, just off the earnings from viewers living in the USA and TBH, for the vast majority of us who do not live in the USA, that will not make a huge impact.... I just did some quick maths and using my channel as an example, and rounding up to make my brain not hurt lol in the lifetime of my channel if I had to pay tax on all my YT earnings from USA views it would be under £30 to cover the last 4 years.
The larger channels would be hit harder like you say, but it would only be on future views.

As a side question, I wonder how YT will actually calculate this, as some of those viewers will be running ad blockers, others will not be in the USA but running a VPN suggesting they are, most will not watch the whole video so any mid roll and end roll adverts may not have been seen, so the actual revenue earned over a tax year will not necessarily be a direct split between the percentage of views from the USA

 

[Arfa]

Had to deal with this too. Not because of YT earnings as I'm not over 1k subs yet, but due to general Adsense earnings across a few websites. TBH it's fairly common, have had to do this with a few US based affiliate networks I've dealt with too (ShareASale and CommissionJunction). From what I can understand (which is a bit vague), so long as you confirm do not run your business from within the US (no office, staff, servers etc) you can avoid paying US tax. Though I'm a little uncertain how this plays out with YT earnings from US viewer streaming off US YT servers...

 

[SighBored]

Dealth with it already. Uncle Sam is poor from the Covid and handing out money to the People, plus China is in progress of overtaking US in terms of economic power, so Uncle Sam needs to squeeze moo-lah from other means. I think it's 30-35% of earnings from US.. Whopeedoo!