News
YouTube to tax content creators from Nigeria, others
American online video-sharing platform, YouTube on Wednesday, announced that content creators in Nigeria and other parts of the world on its platform will begin to pay U.S. taxes on the earnings they generate from viewers in the U.S.
The Google-owned company sent an email to creators that the new tax deduction will take effect from June 2021 on creators outside of the U.S.
“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,” the email read.
The company had said it will begin to ask content creators on its platform to submit AdSense to determine the correct amount of taxes to deduct.
Read also: YouTube launches YouTube Shorts to rival TikTok
Users are expected to provide the information needed before the end of May 31, 2021, or face an automatic deduction of 24 percent of their total earnings worldwide by Google.
“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 31, 2021, Google may be required to deduct up to 24% of your total earnings worldwide,” it said.
According to a support page, If US tax information is submitted, withholding rates are between 0 percent and 30 percent on earnings from what is generated from viewers in the US and depending on whether your country has a tax treaty relationship with the United States.
By Emmanuella Ibe…
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...